Borosil Limited Announces for Setting Up of Borosilicate 3.3 Expansion Tubing Furnace At the Company's Plant in Bharuch, Gujarat
August 14, 2023 at 02:56 pm IST
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Borosil Limited announced for setting up of Borosilicate 3.3 expansion tubing furnace at the Company's plant in Bharuch, Gujarat, for a total project cost of approx. INR 100 crore. This project was approved for in-house manufacturing of glass tubing (a primary input material for Company's scientific products) and to reduce sourcing from the external parties.
As part of the continuous review of Company's expansion strategies, from the viewpoint of cost /time effectiveness of the projects and /or availability of other avenues, the proposal of setting up of the Company's own tubing furnace is under evaluation and has been put on hold. This has no impact on the Company's operations as it continues to source the required glass tubing from the external parties.
Borosil Limited is primarily engaged in the business of manufacturing and trading of scientific and industrial products and consumer products. The Company operates through two segments: Consumer Products (CP) and Scientific & Industrial Products (SIP). The CP segment is engaged in the business of microwavable and flameproof kitchenware, glass tumblers, hydra bottles, tableware and dinnerware, appliances, storage products, steel serve fresh and more. The SIP segment is engaged in the business of laboratory glassware, instruments, liquid handling systems, explosion proof glassware and more. It has two manufacturing facilities, one situated in Bharuch, Gujarat and the other situated in Jaipur, Rajasthan. The Jaipur manufacturing facility is exclusively dedicated to the CP division, while the Bharuch manufacturing facility, primarily a SIP division facility, also manufactures some borosilicate glass products such as mugs, bottles, jars, glass tumblers and other consumer glass ware items.