GCPL mulls new unit at Seemandhra to make soaps, insecticides

Tags: Consumer
FMGC major Godrej Consumer Products Ltd (GCPL) may consider setting up a new plant in Seemandhra, while continuing the expansion of the existing capacity of plants in North East and Jammu to meet growing demand for its products.

GCPL, which is expecting a stronger second half this fiscal due to increased sentiments in the market, plans to manufacture soaps and insecticides at the proposed new plant.

"If I look at new locations, I would continue expanding in brown field locations at Jammu and North East and in terms of green field locations, the location which we are looking at, depending on the kind of benefits, is Seemandhra," GCPL Managing Director Vivek Gambhir told PTI.

He, however, said the company is awaiting details on what benefits the new state would offer to set up the plant.

"We have substantially expanded our capacity at our Jammu Plant and North-East because of the kind of the excise benefits, we get from those areas. We are also awaiting to see what kind of benefits the government gives in Seemandhara," Gambhir said.

When asked what products were planned to be produced when the new plant comes up, he said: "We have not yet finalised it, but we would look at both - manufacturing of soap and insecticides."

He also said it was too early to put an investment figure for the proposed new plant.

At present, GCPL has manufacturing units at places as Malanpur in Madhya Pradesh, Baddi in Himachal Pradesh, Guwahati in Assam, Jammu, Puducherry and Goa.

Gambhir said GCPL is also open to acquisitions in other geographies.

"Our focus area is largely India, Indonesia and Sub Saharan Africa. We are open for acquisition, but timing depends on when a right deal is for us. Its an important part of our growth strategy for going forward," he said.

The company had acquired controlling stake in Darling Group Holdings in 2011. In 2010, it had bought out Latin America's Issue Group, a market leader in hair-colour in Argentina, Peru, Uruguay and Paraguay. It had also acquired Argentinian hair care company Argencos.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture