Jaquar buys Euro's Kutch unit; plans Rs 310-cr capex in FY18

Sanitaryware major Jaquar Group, which today acquired one of the plants of the Kutch-based Euro Ceramics for Rs 100 crore, said it will invest Rs 310 crore this financial year to augment capacity and to set up new a new facility for lighting products.

Earlier in the day, Jaquar said it paid Rs 100 crore to acquire a manufacturing plant of Euro Ceramics at Bhachau in the Kutch area of Gujarat. The plant is spread over 17 acres and is among the most advanced facilities in Asia, Jaquar Group promoter and director Rajesh Mehra said.

"We have taken over the plant of Euro Ceramics in a Rs 100-crore deal. With this, we now have five manufacturing facilities in the country and one in South Korea. We will invest an additional Rs 80-90 crore in this facility this year to modernise it and expand capacity," Mehra said.

This upgrade will take the capacity from 1.2 million sanitary ware pieces to 1.8 million pieces, he added.

On the capex plans, Mehra told

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