CRI Pumps sets up PVC pipes plants in Gujarat, TN

CRI Pumps sets up PVC pipes plants in Gujarat, TN

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"Soundararajan (left), Vice-Chairman, CRI Pumps, and R Boopathy, VP-Marketing, at a press conference in Mumbai (Credit: Business Line)"
Coimbatore-based CRI Pumps has ventured into manufacturing of high quality pipes with an investment of Rs. 120 crore. CRI Pipes, the newly formed subsidiary of CRI Pumps, has set up two plants — one in Gandhinagar in Gujarat and the other in Hosur in Tamil Nadu — with a capacity of 7,500 tonnes each to make uPVC (unplasticised  poly vinyl chloride) and CPVC (chlorinated polyvinyl chloride) pipes. G Soundarajan, Vice-Chairman, CRI Pumps, said the plants were part of the company’s diversification plan to achieve a sales turnover of Rs. 5,000 crore by 2020 from the current Rs. 1,300 crore. “The Gandhinagar plant, which has commenced production, will tap into the western and northern markets. The Hosur unit that will start production in four months will target the southern and eastern markets,” he said. As part of diversification, the company intends to bring in an Italian technology to treat and handle sewage in India over the next four months. “We have plans to set up another plant in the eastern part of India to take the overall capacity to one lakh tonnes. We have set a mission to provide one-stop fluid management solution,” said Soundarajan.CRI Pipes intends to capture a market share of 10 per cent with the current manufacturing capacity. The uPVC and CPVC pipes market is growing at 15 per cent and 30 per cent, respectively. The non-metallic pipes market is estimated at about Rs. 21,500 crore, with uPVC and CPVC pipes alone accounting for Rs.9,000 crore. uPVC pipes, which have higher tensile strength, are used in plumbing, sewage and drainage, and has a life span of 25 years.