V-Guard New Plant to Go on Stream

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V-Guard New Plant to Go on Stream
www.vguard.in
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• V-Guard Industries - new plant for
  manufacture of solar water heaters is to go live
  on September 25th Wednesday.

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• The facility, established at the SIPCOT
  Industrial Complex at Perundurai, will have a
  capacity to produce 90,000 units of solar water
  heaters annually.
• Claiming to be the countrys largest
  integrated manufacturing facility for polymer
  tanks and stainless steel tanks for solar water
  heaters, the Director Marketing and Strategy of
  the consumer electrical and electronics major
  V-Guard Industries, V. Ramachandran, said with
  this plant becoming operational, the company
  would aim to reach the top position in the solar
  water heater category in two years and also
  explore the possibility of exporting the product.

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• The facility is spread over 8.4 acres
  land with a built-up area of 90,000 sq feet.
  V-Guard has invested Rs 18 crore in this complex,
  Ramachandran said.
• This Kochi-based company has, since its
  inception in 1977, diversified to become a
  multi-product company, manufacturing voltage
  stabilisers, inverters, digital UPS systems,
  pumps, house wiring cables, fans, electric water
  heaters and solar water heaters.

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• It has recently forayed into induction
  cooktops and switchgears. These are in the test
  marketing stage, he said, adding we launched
  solar inverters very recently.
• The company outsources 60 per cent of its
  product profile, while manufacturing the rest
  in-house. Its manufacturing facility at Chavadi
  on the outskirts of Coimbatore has now been
  relocated to Perundurai.

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• To a query on the plant location,
  Ramachandran said that Karnataka and Maharashtra
  were two major markets for solar water heaters.
• Location of the facility at Perundurai
  will help us leverage our business and the
  market.
• The company clocked a turnover of Rs
  1,360 crore last year and is looking to grow
  25-30 per cent this year.
• V-Guards Director- Marketing will
  inaugurate the Perundurai plant on September 25.

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V-GUARD INDUSTRIES LTD33/2905 F, Vennala High
School Road,Vennala, Kochi-682028,Ph 91 484
3005000Fax [phone],E-mail
mail_at_vguard.inWeb www.vguard.in