Hindustan Sanitaryware and Industries to invest US$17.2mln in caps and closures plant

20-Aug-15

Hindustan Sanitaryware and Industries (HSIL) plans to invest INR 1.12 bln (US$17.2 mln) is setting up a plant to manufacture security caps and closures that prevent counterfeiting. The proposed facility will complement the existing portfolio of HSIL's packaging products division. HSIL also plans to invest US$16 mln in plant to manufacture chlorinated polyvinyl chloride (CPVC) and UPVC pipes and fitting used in plumbing and sanitation.