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Finolex hopes to keep pipes sales growth at 24%

Our Bureau

Kolkata , Nov. 17

With PVC pipes penetrating the construction industry and drinking water segment, Finolex Industries Ltd hopes to maintain its PVC pipes sales growth in 2006-07 at last year's level of 24 per cent, according to Mr Vivek Khandekar, President of Finolex Industries Ltd.

Addressing a news conference here, Mr Khandekar said the Indian market for PVC pipes has been estimated to be 6,00,000 tpa and it was shared 50:50 by players in the organised and unorganised sectors.

Finolex's enjoys a 20 per cent share of the PVC pipes market in the organised sector and is the largest manufacturer of PVC pipes in the country.

Facilities

The company has two PVC pipes manufacturing facilities at Pune and Ratnagiri in Maharashtra. The capacity of the two plants is 65,000 tpa at present. This is being hiked to 80,000 tonnes by March 2007 at an investment of Rs 15 crore.

Mr Khandekar said Finolex was the only PVC pipes manufacturer to have its own resin plant. The company's 2,60,000 tpa resin plant is located at Ratnagiri.

Leak-proofing

The company recently launched the "UV stabilised plumbing system" in the eastern.region. The UV stabilised plumbing system ensures homogeneous leak-proof jointing.

Following positive market response to the product, Finolex was planning to augment capacity in this segment in the months ahead. The dealer and sub-dealer network in eastern India would also be augmented, Mr Khandekar said.

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