Kajaria Ceramics To Establish Largest Tiles Manufacturing Company In Nepal
November 7, 2022 | Investopaper
Kajaria Ceramics is going to establish the largest tiles manufacturing company in Nepal. An agreement has been signed between Nepali business group Ramesh Corp. and Kajaria Ceramics Limited to establish a tile manufacturing company in Nepal.
According to the agreement, the company will establish the tiles manufacturing company in Nepal with an investment of Rs. 400 crores.
Pratik Jalan, Executive Director of Ramesh Corp. and Ashok Kajaria, Chairman and Managing Director of Kajaria Ceramics signed the formal agreement in this regard. Both the companies will invest equally in the new company.
The production capacity of the company will be 800,000 square meters and the company is expected to be operational by the end of 2023.
Kajaria Ceramics is considered to be the largest ceramic tiles industry in India and seventh largest in the world. Established 34 years ago, Kajaria has been producing more than three thousand designs and types of ceramic wall and floor tiles.
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