Comments
Ceramics manufacturing company Regency Ceramics has announced a structured takeover of Segno Ceramics Pvt Ltd located in Bapatla district in Andhra Pradesh. The deal will give Regency access to Segno Ceramics’ 50-acre manufacturing facility, expanding its production capacity by 3.6 million square metres a year.
The facility will enable Regency Ceramics to manufacture a diverse range of premium products, including glazed vitrified tiles and polished vitrified tiles.
“The all-cash deal will strengthen Regency Ceramics’ market position, particularly in the South and East,” Satyendra Prasad Narala, Managing Director, said.
“This strategic move addresses our immediate production needs and enhances our market presence. We are focused on achieving a revenue target of ₹100 crore in the next calendar year,” he said.
He said the advanced machinery and manufacturing capabilities at the new facility would help the company expand the ceramics market. “The new facility is closer to Chennai and Krishnapatnam, giving us a locational advantage,” he said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.