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Viega launches first Indian plant at Sanand, invests Rs 160cr

Press Trust of India  |  Ahmedabad 

Plumbing and heating solutions firm today launched its first in at near here with an investment of around Rs 160 crore (20 million euro).

The facility aims to cater to the local demands for the company's products - which are in categories of piping system as well as draining and flushing technology - and serve the local market needs, the of the Germany-based company, said today.

It will also export to countries in and the in coming years, he added.

To begin with, the company will manufacture floor drains and toilet cisterns from the plant.

It had acquired a 16-acre land in GIDC to open its first facility in the country after signing a memorandum of understanding with the at the Vibrant Gujarat Investor's Summit in 2015.

According to Gydesen, is a strong pillar for Viega's growth plan. "Looking from long-term perspective, India, with its young population and fast growing economy, will one day become big for the company," he said.

Hygiene for sanitary facilities in general and drinking water in particular, according to chief strategist officer Anna Viegener, is one of the core competencies of the family-run business with a 119-year-old history.

The Group, which has been active in since 2005, founded its subsidiary India in 2015 with its headquarters here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 17:10 IST