Navyamedia
Business Business News

Welspun inaugurates its  manufacturing facility in Telangana

Welspun  inaugurates its  manufacturing facility in Telangana

Welspun Flooring Limited, a fully integrated and independent flooring vertical of USD 2.7 billion Welspun Group, has launched its manufacturing facility in Hyderabad, Telangana. Having forayed into the flooring segment in 2018, this launch cements the organisation’s focus on diverse innovative products offerings.  K.T. Rama Rao Garu,  Minister of MA&UD, Industries and IT&C, Telangana, inaugurated the facility.
Adjacent to this facility, Welspun Group is also establishing a manufacturing plant for its emerging business- Advanced Textiles.  Minister of MA&UD, Industries and IT&C, Telangana laid the foundation stone for this unit, which will commence its functioning soon. The Company will invest INR 400 crores over a span of two financial years.
Commenting on the launch, Mr. B. K. Goenka, Chairman, Welspun Group said, “Welspun over the years has built a strong consumer trust though innovative product lines in the domestic as well as international markets. 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 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. I am confident that through our new innovative product offerings in flooring, we will create a differentiation for ourselves to drive the next phase of our growth and further consolidate our global leadership position”
Mukesh Savlani, President & CEO- International Business, Welspun Flooring Limited said, “In line with our aim to disrupt and transform both, the new homes and renovation segments, of the INR 350 billion Indian tiles market, we are delighted to launch our first state-of-the-art manufacturing facility in Hyderabad. On the back of the facility’s advanced capabilities and infrastructure, we look forward to offering innovative solutions to our discerning consumers in India and globally.”
“With the introduction of stone polymer composite tiles and the use of industry-defining technology, we are confident of bringing about a paradigm shift in the consumer mindset when it comes to flooring. Our vast range of innovative products come with a promise of being assembled within a day’s time,” he added.
Backed by strong R&D and extensive consumer research, Welspun Flooring is a breakthrough in terms of engineering and design. 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, the Company will also export to Europe, US, Australia and the Southeast Asian countries.
To ensure the complete safety and well-being of its people, especially against the current global scenario, Welspun Flooring has implemented the ‘Penta Protocol.’ Through Penta Protocol, the company has laid down industry defining practices, standards and procedures to be followed by all employees, associates, partners, customers and other stakeholders to protect themselves in the facility. It is a robust five-layered security framework consisting of social distancing guidelines, workplace practices, thermal scanning, sanitization and several other strict regulations to curb the spread of coronavirus. Welspun is amongst the first few companies to undertake virtual audit by a Big 4 firm for implementation of safety measures as per Penta Protocol in the factories.
Reinforcing its commitment to contribute towards sustainable development, Welspun Flooring has taken efforts to be a Zero Landfill Company and has identified various processes for waste management. The facility is targeted to use 20% renewable energy by 2022 and 100% by 2030. It has signed a contract with SCS, USA for Zero waste certification project, GHG study and Carbon neutrality program. Additionally, the Company has planted 5000 trees in the first phase and will plant 50,000 in next three years.

Related posts

Last date to file GST annual returns extended till November 30

admin

CCD founder VG Siddhartha’s debt pile may have touched Rs 11,000 crore

admin

More schools chose Cambridge qualifications in India this year than ever before

Ashok prasad

Leave a Comment

Real emotions of real people from Bali