Avon Corporation plans investments of 125 cr

Avon Corporation has excelled in manufacturing weighing scales for industries like jewellery, pharma, retail segments, consumer scales, fitness industries, hospitals, hotels, government institutions, and heavy industries. The demand for its products has increased to such an extinct that the Company plans to expand its production capacity by setting up a new plant in Baddi, Himachal Pradesh itself.

For the upcoming plant in Baddi, Himachal Pradesh Avon plans to invest around 125 crores and hopes to recoup the investment by generating higher and efficient production thus allowing Avon to derive higher profits.

Mr. Pankaj Saraiya, Managing Director, Avon Corporation Ltd commented “By setting up the new production facility Avon will have a cutting edge over its competitors in terms of pricing and quality. Since Baddi is a tax free zone with no income tax or excise it allows Avon to drastically reduce its production costs by 35%. Thus, lesser production costs allow Avon to charge competitive prices with far superior quality.”

Avon Corporation Ltd managed to touch new heights in the weighing scale industry as they have introduced superior quality modern machines into the market and through their range of products catered to the masses.

About Avon Corporation Ltd:
Avon Corporation Ltd. was established in 1995 by the name of “Avon Enterprises” by Mr. Pankaj Saraiya – Managing Director of Avon Corporation Ltd (which was subsequently converted into private limited company and then a public limited company in the name of Avon Corporation Limited). Avon is one of the largest manufacturing weighing Company in India and provides customers with reliable and innovative service, products and information that helps run their business. The company is now listed with Bombay Stock exchange and is known as Avon Corporation Ltd. w.e.f. 14th October 2008.