LIXIL unveils $65-mn investment in AP

    LIXIL
    In a recent development, the Japanese building materials and housing equipment manufacturer LIXIL Corporation claimed that it will be investing $65 million in acquiring Hyderabad-based Sentini Group's sanitaryware arm — Sentini Sanitarywares Pvt Ltd — and upgrading and expanding the latter's recently established sanitaryware manufacturing facility near Vijayawada in Andhra Pradesh. This will be LIXIL's first manufacturing facility in India and will manufacture the group's Grohe and American Standard brand of ceramics products like basins and WCs not only for the Indian market but for the global markets as well. After acquisition, Sentini Sanitarywares will be renamed LIXIL India Sanitarywares Private Limited. Lixil India country head Shubhajit Sen said that nearly two-thirds of the $65 million went towards acquiring Sentini Sanitarywares and the rest will be pumped into upgrading the facility that has an existing capacity of making 1 million units per annum.
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