Pennar Industries to Scale up 'Build360' Retail Outlets for Branded Building Products
/ -- Total store count to increase from current 11 to 42 by FY2020
Mr. K. M. Sunil, Vice President - Corporate Strategy, Pennar Industries Limited, said, "Organised retailing of ready-to-use steel building products is on the rise. Pennar is known for its innovative and customised value-added engineered products, and building products retailing is an extension of our capabilities. Our brand 'Build360' has been well accepted by the trade intermediaries as well as end-users for the quality and the product variety. We will expand our retail network in a very cost-efficient manner and ensure that the business generates high return on capital."
Pennar Industries (NSE: PENIND) (BSE: 513228) is India's leading value-added engineering products and solutions company. The Company has a strong presence across growth sectors in India through four business units Railways, Tubes, Industrial Components and Steel Products, and its subsidiary companies, Pennar Engineered Building Systems Limited, Pennar Enviro Limited and Pennar Global Inc. Pennar's all manufacturing units are ISO 9001:2008-certified and the Company has presence across 10 industry verticals. Pennar has over 30 years of rich experience and more than 1,000 precision engineered products, 2,500 tools and dies, over 600 customers and seven manufacturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra. For more information, please visit http://www.pennarindia.com
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