Taparia Tools to set up facility

Nashik-based Taparia Tools Ltd (TTL) plans to set up a new hand-tools facility in Gujarat; at an investment of Rs 20 crore in the next one to two years. The company, which has two hand-tools manufacturing facilities located in Nashik and Goa, manufactures over 1,500 products and has sales network with 800 distributors and 70,000 retailers across India. The company has set Rs 150 crore sales target for FY 2009-10 and eyes 20-25 per cent year-on-year growth for the next five years. Contact: Taparia Tools Ltd. Website: www.tapariatools.com