After Fairfax funding, Sanmar steps up expansion

The group has lined up investments of over Rs 2,500 cr to ramp up capacity to manufacture PVC

The $1.5-billion Sanmar group, which is backed by Canadian billionaire Prem Watsa’s Fairfax, is well on its way to becoming one of the top ten global players in poly vinyl chloride (PVC), a light-weight plastic commonly used in construction.

The group has lined up investments of over Rs 2,500 crore to ramp up its capacity to manufacture PVC at its plants in India and Egypt. The Egypt project is expected to be completed by April 2018, and become operational in the next eight months after that. Once on stream, it will lend significant cost advantage to Sanmar, allowing it to