German MNC Profine to invest Rs 100 crore in Gujarat

AHMEDABAD: German manufacturer of window and door profiles, Profine will invest Rs 100 crore in Gujarat. It has already invested Rs 35 crore for a new extrusion plant, that will manufacture Unplasticized Polyvinyl Chloride (uPVC), at Vadodara under its Indian subsidiary, profine India Window Technology Private Limited.

The 14,000 square metre site at Savli has the capacity to produce 3,000 tonnes from three extrusion line, which can be raised to 10 lines with a production capacity of up to 12,000 tonnes. Company has 11 plants globally and the uPVC are so far being imported from China and Germany.

“Local production will get rid of customs duty, bringing down the price. India will also be used for exports to Bangladesh and Srilanka. Later on even the developed countries will be considered for exports. The production facility in Vadodara counts among the current largest investments of profine,” profine India Farid Khan CEO told ET.

Savli, near Vadodara, one one of the 12 sites from across India, profine had considered for setting up the manufacturing facility. The company zeroed in on Savli after a comparative survey in January 2012. Uninterrupted supply of electricity and strategic location with sea ports in proximity turned the tables in favour of Savli.

“We are impressed by state government’s policy of attracting Foreign Direct Investment (FDI). We will get our raw material from RIL’s facility at Jamnagar. So we finally settled for Gujarat,” said Khan.

The plant at Vadodara will manufacture uPVC profiles under the brand Koemmerling for windows and doors