Walplast Products Pvt.
Ltd., a leading building materials manufacturer and the third-largest producer
of Wall Putty in India makes a significant investment of Rs. 300 crores in new
capacity expansions and setting up greenfield projects. These new plants
located in Gujarat, Maharashtra, Madhya Pradesh and Andhra Pradesh will enhance
Walplast's capacities for White, Grey and Gypsum products by 8,00,000 metric
tons (MT) annually.
Walplast has acquired
approximately 3 lakh square meters of land for these greenfield projects. The
substantial land acquisition reflects the company’s commitment to
infrastructure development and its focus on expanding its market presence. The
plants are expected to be commissioned within the next 8 to 10 months, further
establishing Walplast's leadership in the construction materials industry.
Kaushal
Mehta, Managing Director of Walplast Products Pvt. Ltd.,
stated, "We have witnessed consistent demand for our products across
various regions. These new plants will not only increase our production
capabilities but also help us better serve our customers by ensuring faster
delivery and enhanced product availability. This investment marks a significant
milestone in our journey towards providing superior construction solutions,
reinforcing our commitment to quality and innovation in the building materials
sector.”
This investment is also set
to create numerous job opportunities in the local areas, significantly boosting
employment and economic development. We are dedicated to hiring and training
local talent, offering extensive skilling opportunities to uplift the workforce
and equip them with advanced manufacturing skills. We are committed to
nurturing a culture of skill development and employee welfare, to build a
highly competent and driven workforce that will be the cornerstone of our
continued growth and achievement.
Moreover, our growth and
marketing strategies include robust upskilling and re-skilling of our human
capital, ensuring a productive and satisfied workforce. We believe in the
potential of local communities, and our new plants will provide substantial job
opportunities, promoting regional development and economic prosperity.
It is also noteworthy that
Walplast's HomeSure portfolio has experienced remarkable year-on-year growth
across various product categories, reflecting its commitment to meeting the
evolving needs of customers. Impressively, Tile Adhesive recorded a 51% growth,
with the highest growth observed across Rajasthan, followed by Maharashtra,
Gujarat, Punjab, and Tamil Nadu region, while Gypsum Plaster saw a substantial
101% increase in Maharashtra, Gujarat, and Madhya Pradesh. Additionally,
Textures boasted a notable 35% growth in Jharkhand, and Gypsum Board saw a
commendable 24% rise in Maharashtra, Gujarat and Madhya Pradesh. The company also
successfully launched “HomeSure MasterTouch Paints” a new product line last
year, i.e. Primer, Distemper & Emulsions, further diversifying its product
portfolio and solidifying its position as a leader in the industry.
With a network of over 800 active distributors, 6000+ dealers, and more than 65,000 influencers, the HomeSure division continues to be a preferred choice in the construction ecosystem, providing superlative customer experiences in product performance, solutions, and services. These new plants are set to push Walplast to new heights, ensuring continued growth.
