Shakti Hörmann to invest Rs 175 crore in greenfield door manufacturing facility in Jaipur – Times of India

by The Technical Blogs

HYDERABAD: Doors manufacturer Shakti Hörmann is investing Rs 175 crore in setting up a greenfield fire-rated wood and steel doors manufacturing facility at Mahindra World City in Jaipur.
The new facility will have a capacity to manufacture 1.3 lakh wooden doors per annum and 2 lakh steel doors per annum to cater to the commercial and residential doors market, Shakti Hörmann managing director Shashidhar Reddy said on Wednesday.
“The facility for manufacturing wooden doors will be ready by March 2024 and that for steel doors manufacturing by June-July 2024,” Reddy said, pointing out that eventually it may be expanded to manufacture industrial products and other products if market requires.
Martin J Hörmann, managing partner of German player Hörmann, said the expansion of Shakti Hörmann’s operations in India was a testament to the Hörmann group’s dedication to meeting the evolving needs of its diverse customer base with fire-rated doors.
The Hyderabad-based company, which already has a capacity to manufacture 2 lakh steel doors, door frames and 10,000 industrial doors per annum at Gagillapur in Hyderabad, is also foraying into the manufacture of perimeter security products such as boom barriers, automatic bollards, tyre killers and road blockers for high security establishments in private and public sector.
These high security products will be made in Hyderabad starting with boom barrier manufacturing from early next year, he added.
Reddy said that once the Jaipur facility is operational, the Hyderabad facility will focus primarily on the south markets and in 2025, based on market requirements, the company will look at expanding its Hyderabad facility to make wooden doors.
The company, which has been primarily catering to the industrial, commercial, public buildings, institutions, hospitality, hospitals and airports in India, is now eyeing a larger play in the B2C (business-customer) market with the Jaipur plant going onstream and is eyeing a turnover of Rs 325 crore in CY 2023.
Shakti Hörmann Private Limited (SHPL), formerly known as Shakti Met-Dor Limited, was set up in 1988 by C Shashidhar Reddy and MVSS Subba Raju to manufacture hollow metal doors. In 2012, Hörmann group acquired 74% stake in the company and hiked it to 85% later.

Source link

Related Posts

Leave a Comment


Copyright @2020  All Right Reserved – Designed and Developed by DSF SEO COMPANY