Asian Granito to engage with global players to make India a global manufacturing hub for tiles and sanitary-ware; stock up 1.6%

In-line with this strategy, AGL has recently started catering to demand from Siam Cement Group (SCG), one of the largest cement and building material companies in Thailand and Southeast Asia.

Mar 11, 2020 05:03 IST India Infoline News Service

Asian Granito India Ltd, (AGL), one of India's largest manufacturer and exporters of ceramic, porcelain tiles, composite marble and quartz, is looking to engage with global players with an objective to make the country a global manufacturing hub for tiles and sanitary ware. The Company aims to become a preferred global partner by providing end-to-end solutions including quality assurance, packaging, efficient supply chain management, and adherence to stringent compliance and ethical norms.

In-line with this strategy, AGL has recently started catering to demand from Siam Cement Group (SCG), one of the largest cement and building material companies in Thailand and Southeast Asia. This was following stringent quality checks and supply of trial orders over the past few months. SCG has presence in 21 countries including Indonesia, Malaysia, Vietnam, Philippines, Sri Lanka and others. Given SCG's scale of global operations, AGL expects promising business potential in the future.

AGL is one of the leading global manufacturers of Ceramic Wall & Floor Tiles, Glazed Vitrified Tiles, Polisherl Vitrified Tiles, Composite Marble and Quartz in India. The Company was established in the year 2000 and today, is among the world's 50 most profitable Ceramic tile Companies. Headquartered at Ahmedabad - India, AGL operates ten state-of-the-art manufacturing facilities with a total capacity of 34 Million square meters per annum . The Company also enjoys a strong global footRrint in 78 countries.

AGL's multi-product offerings include a diverse array of designs across the entire til e and marble product range. The Company, recently, has also introduced sanitary ware & chrome-plated fittings in India. Driven by its focus on innovation and state-of-the-art technology, the Company manufactures the high~st q~~lity products matching international standards at a very competitive cost. The Company has an extensive marketing and distribution network, which comprises of more than 6,000+ Dealers and Sub-Dealers and more than 300+ Exclusive Dealer Showrooms pan-India. 

Stock view:
Asian Granito India Ltd is currently trading at Rs251.50 up by Rs5.15 or 2.09% from its previous closing of Rs246.35 on the BSE.

Related Story