Saint-Gobain, a global leader in building and construction materials, has significantly expanded its gypsum-based plasterboard manufacturing capability in India, with its fourth manufacturing unit in the country at Jhagadia in Gujarat, coming on stream.
Gyproc India, which has three manufacturing facilities located in Haryana, Maharashtra and Karnataka with a combined capacity of 52-53 million square metres, has added a fourth manufacturing unit in Gujarat, taking its capacity up over 83 msm.
Pierre-Andre de Chalendar, Chairman and CEO of Compagnie de Saint-Gobain, recently commissioned the fourth plant with an investment outlay of ₹350 crore. It is India’s largest gypsum-based plasterboard manufacturing unit, with an installed capacity of 30 msm.
Venkat Subramanian, Regional CEO, Construction Products India and Managing Director of Gyproc India business, said, “This is a significant addition to our business in the country as it provides us scale to consolidate our business and also further increase our market share. Already we have a business of about ₹1000 crore and this plant will be able to significantly add to the volumes and business.”
“The market has rapidly transformed and there is a growing preference for environmentally sustainable products. Gyproc fits well into the overall concept of green buildings and smart cities with its lightweight nature, offering flexibility for designers and architects,” Subramanian told BusinessLine.
“What started as an initial focus on large-scale commercial businesses is gradually getting accepted in large residential construction projects. And with a solutions approach, we have also begun to make inroads into the home segment with Gyproc,” he said.
Referring to some of the major residential projects which have taken to Gyproc the MD said, “Not just hotels, hospitals, large commercial projects, the world’s tallest residential tower coming up at Parel being developed by the Lodha group, World One project designed by Georgio Armani, a Bombay reality project and Panchshil Trump Tower project have all taken to Gyproc.”
“As per estimates, 80 per cent of the total construction work in the housing and commercial space put together is accounted for by residential segment. It is this segment, which will drive the next phase of growth,” he said.
“The segment in which Gyproc functions is estimated to be about ₹2000 crore, growing at a CAGR of over 15 per cent. Of this, we have a share of about 60 per cent. There is potential to grow this on an expanded base.”
“As a founding member of the Indian Green Building Council, we are also actively working with various stakeholders to popularise green building materials.
As a part of this drive, we have partnered with National Academy of Construction in skill building initiative,” he said.