UAE: Everest Industries' new US$16m plant is now expected to be operational by December 2015 or January 2016. The plant will produce cement boards and panel products and is Everest Industries' first overseas venture. The products will cater to the company's exports in West Asian and African nations.
"We are hopeful of making the overseas unit operational by December 2015 or January 2016. It will give us better access to the Middle Eastern and African markets," said Rahul Chopra senior vice president and head roofing business. According to Chopra, the Ras Al-Khaimah unit might bring down export costs. Currently, exports contribute around US$32m towards Everest Industries' turnover.
With three of its recent facilities coming on-stream in the last two years, Chopra said that Everest Industries is now planning to ramp up and consolidate domestic manufacturing across its various segments and improve its distribution network via the addition of a 'retail touch point' in all centres with a population of 5000 - 10,000.