Visaka Industries to invest Rs 1.20 bn in Bengal fibre board plant

Building materials solutions company Visaka Industries will invest Rs 1.20 billion in setting up a sustainable fibre cement boards plant in Paschim Medinipur district of West Bengal. This will be Visaka's fifth fibre cement boards plant and the first such unit in the state. The company has another plant in the same district for cement roof sheets. The company is expanding capacity as fibre cement board has high demand. The new factory will have a manufacturing capacity of 72,000 metres and it will be powered by an in-house solar roof. The company will start work on the new project at the earliest. “With this investment, we are choosing to expand our manufacturing capacity. The market would be not only in West Bengal but also for other states of East India, in response to rising demand for eco-friendly construction materials,” Visaka Industries joint managing director Vamsi Gaddam said. The plant is expected to create job opportunities for 500 people in the area. The company claimed that the Vnext board, which is India's largest selling brand of fibre cement boards, is a sustainable product and has already helped save over 5,00,000 trees. See also: Century Ply plans to invest Rs 9 billion for capacity expansionWhat led to a month-long break for ceramic tile manufacturers?