Chandigarh (PTI): Building materials supplier Everest Industries on Monday said it will set up a manufacturing unit at Roorkee in Uttarakhand with an investment of Rs 75 crore to meet the growing demand of the construction sector.
"This green field plant will have manufacturing capacity of 50,000 tonnes of fibre cement boards and one lakh tonne of roofing products per annum," company's Vice-President (Marketing) Pankaj Banga told reporters here.
The plant would make roofing sheets, boards, light gauge steel frames to cater to both domestic and international markets.
"Besides handling domestic projects, this plant will also cater to demands from neighbouring countries such as Nepal, Bangladesh," he said.
The company has manufacturing facilities in Kymore (Madhya Pradesh), Kolkata, Coimbatore and Nashik.
The company, which aims to grow at a rate of 25 per cent, posted a 20 per cent growth in turnover at Rs 303 crore in 2006-07 against Rs 254 crore in the previous fiscal.
http://www.hindu.com/thehindu/holnus/006200710161340.htm
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