H&R Johnson (India), a division of Prism Cement Limited and the world’s 7th largest tile company has entered into a joint venture with Small Tiles Pvt Ltd, a manufacturer of ceramic glazed floor tiles.
With this venture, H&R Johnson (India) has acquired a 50% stake in Small Tiles.
According to the joint venture, Small Tiles will manufacture and supply tiles to H&R Johnson (India). The tiles would primarily be focused in the Northern, Central, Eastern regions of India and the overseas market.
Vijay Aggarwal, Managing Director, Prism Cement Ltd, said, “This would be the fifth tile joint venture and Small Tiles will now be supplying glazed floor tiles to us. Floor tiles have been growing at a healthy rate in India and this joint venture would enable us to cater to the growing demand”.
The plant capacity of Small Tiles is approximately 2.3 million m2 per annum. The plant has capability to manufacture floor tiles of 12x12, 16x16, and 24x24.
About H&R Johnson India
Established in the year of 1958, H&R Johnson India, a division of Prism Cement Ltd, is the undisputed market leader in the tile industry since last 53 years across various product categories. Today, the company enjoys the recognition of being the only company to offer end-to-end solutions of Tiles, Bath products and Kitchens. During the year-ending March 31, 2011 the company’s revenues touched Rs 1,472 crore. The company’s sales volume during the year also crossed 43 million sq mt in tiles.
About Prism Cement Ltd
Prism Cement Limited is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens. The company has three Divisions, viz. Prism Cement, H&R Johnson (India), and RMC Readymix (India). For the year ended March 31, 2011, the company’s consolidated sales turnover was Rs 3,605 cr.
