Welspun launches Rs 1,100 crore manufacturing facility in Telangana

Welspun Group’s Welspun Flooring Ltd has launched a manufacturing facility in Hyderabad, Telangana with a potential capacity of 40 million square metres per annum.

It will be set up with Rs 1100 crore, the facility is spread across 200 acres and employing close to 1600 members. The plant is set up to manufacture a wide range of innovative products ranging from carpet tiles, greens and broadloom carpets to the patented product – the Click-N-Lock tiles.

Welspun Flooring Ltd has the initial capacity of 10 million square metres, post completion of all phases, the facility will have a production capacity of 40 million square metres annually. Out of the total 40 million square metres capacity, 25 million square metres will be for hard flooring products while rest will be for soft flooring products.

Welspun Group is also going to establish a manufacturing plant for its emerging business – advanced textiles at an investment of Rs 400 crore for two financial years. The flooring business is meant to complement the group’s existing businesses such as home textiles according to Welspun Group Chairman B K Goenka.

“Our retail brands like Welspun & Spaces has gained high consumer acceptance and continues to drive our growth in the evolving domestic market. We are now entering another exciting phase of our growth with a foray into the flooring segment. This emerging business is poised to benefit from the synergies with our existing businesses and large customer base, thereby creating a strong domestic as well as global growth opportunity,” added B K Goenka.

Along with the introduction of stone polymer composite tiles, the company offers holistic flooring solutions for architects, designers, retailers and customers, and aims to manufacture products for every industry – residential, hospitality and commercial. While India is a focus market, Welspun Flooring will also export to Europe, the US, Australia and the Southeast Asian countries.