Ardex to set up manufacturing facility at Bengal Aerotropolis

Tags: News
Bangalore-based Ard­ex Endura (India) (AEIPL), a 50:50 joint venture between Ardex Group of Germany and Rajaj Raheja-owned Prism Cement, will now set its foot on eastern India with a manufacturing unit at Sujalaam Skycity, India’s first Greenfield aerotropolis within Asansol-Durgapur Development Authority (ADDA). AEIPL is a market leader in tile-fixing adhesive, flooring, waterproofing, and allied products with last year turnover of Rs 90 crore.

AEIPL on Monday signed a memorandum of understanding with Bengal Aerotropolis Projects (BAPL), which is developing Sujalaam Skycity, to this effect. The AEIPL project at Durgapur will entail an investment of Rs 10 crore in the first phase. Then the company will take up a capacity ramp up drive through which the capacity will be doubled over a period of 3 to 5 years, depending on the growth trend and prospects, Gopinath Krishnan, managing director, Ardex Endura, said here.

At present the company has two plants in Bangalore (Karnataka) and Baroda (Gujrat) and as many as 29 branches across the country. “Sujalaam Skycity project has come in handy for setting up our first manufacturing unit in eastern India as the industrial and logistics hub being created here will enable us to not only address the West Bengal market, but also the entire eastern India markets like Bihar, Orissa and north eastern states,” said Krishnan.

The aerotropolis, 180 km off Kolkata in the industrial belt of Asansol-Durgapur, will comprise a domestic airport, an industrial and IT Park, logistic hub, residential precinct, health and education institutions. Subrata Paul, CEO, BAPL, said.

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E-mail ID will not be published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

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture