BCCL picks up 16% in Liberty Whiteware
Bennett, Coleman & Company (BCCL) has acquired a 16% stake in Liberty Whiteware (LWL).
It would help us repeating our success story to make Liberty Whiteware a household name,” says Liberty Whiteware chief executive officer Adarsh Gupta. The market for the premium ceramic segment is estimated to be around 2.5 lakh pieces annually and is growing at the rate of 25-30% every year.
At present, the segment is mostly dominated by multi national firms like American Standard, Toto, Cotto, Villeroy & Boch, Duravit and Kermag. Recently, controlling stake in the largest Indian ceramic company, Parryware, was acquired by the Roca Group of Spain. America’s leading ceramic brand, Kohler, has also announced plans to set a plant in Gujarat to produce 2 million pieces per year.
Liberty has set up a manufacturing facility with an investment of Rs 100 crore at Neemrana, Rajasthan. It has a capacity to produce 3 lakh pieces of ceramic sanitary wares. This is expected to be doubled by 2009. For this facility, the plant, machinery and the technical expertise is imported from the world’s largest ceramic plant producer, SACMI of Italy.
The products are marketed under the brand name “Beach” and has five variants, Beach Jumeira, Beach Marina, Beach Paradise, Beach Gold Coast and Beach Hawaii. These products are now available in key cities of India through a network of about 40 dealers and the company.
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