Saint Gobain Gyproc, the gypsum business unit of Saint-Gobain Group of France, will set up a new manufacturing plant in India with an investment of ₹400 crore.
“We have identified western India as suitable location for the new plant.
“A final decision will be taken by this year-end,’’ V Subramanian, Managing Director – Gypsum Business, Saint Gobain India Pvt Ltd, told BusinessLine in Hyderabad on September 3.
Gyproc India has three manufacturing plants in the country in Jind (near Delhi), Wada (near Mumbai) and Bengaluru.
The combined production capacity of these plants is about 46 million square metres.
“Our capacity utilisation ratio is very high. The proposed new plant will add another 30 million square metres of capacity,’’ he said.
He said the company was a market leader in India in providing false ceiling, drywall partition and gypsum plaster solutions.
It posted a turnover of ₹700 crore last year and is expecting a 15 per cent growth this year.
The size of gypsum products market is estimated at ₹1,400 crore, of which approximately ₹200 crore comes from the unorganised segment.
The company has launched a skill development programme for unskilled youth here in association with National Academy of Construction (NAC) and GMR Varalakshmi Foundation.