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Rockwool to set up biggest India factory in Tamil Nadu; to invest Rs 550 cr

Business Standard LogoBusiness Standard7h ago

Rockwool to set up biggest India factory in Tamil Nadu; to invest Rs 550 cr - Business Standard

Quick Summary:

The new factory expected to come up at Cheyyar, located about 90 km from Chennai in Tiruvannamalai district, is in addition to the company's existing factory in Dahej, Gujarat and would boost revenues from the Indian market in the Group's global turnover.

Denmark-based Rockwool, one of the leading insulation producers across various segments, will be setting up its largest factory in the country in Tamil Nadu with an outlay of Rs 550 crore, a top official said on Thursday.

Rockwool reported revenues of Euro 3.6 billion and has a presence in 40 countries worldwide.


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Article Details

Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 22:20:27 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22213148

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