MUMBAI, INDIA (May 3, 4 p.m. ET) — Kisan Moulding Ltd. recently opened its ninth manufacturing plant, in Tumkur, India, near Bangalore.
The company, which has annual sales of about $100 million, said the plant has capacity to make 350 metric tons of chlorinated PVC pipe per month.
Kisan director Rishav Aggarwal said the company sees potential for CPVC in large housing complext that are “coming up all over India.”
Established in 1982, Kisan makes pipe and fittings for water management, irrigation, water distribution and sewage disposal systems, besides making molded articles and furniture.
Another area of promise is in micro-irrigation systems, Aggarwal said. In the ongoing decade, the challenge will be to extend drinking water and irrigation lines to India's rural market.