Acrysil skyrockets ~11% on doubling the supply of Quartz Kitchen Sinks to IKEA's Switzerland arm

23 Jun 2022 , 09:54 AM

Acrysil Limited, a global manufacturer of “Composite Quartz Kitchen Sinks” in India using German technology, announces doubling the supply of Quartz Kitchen Sinks to IKEA Supply AG (Switzerland), a subsidiary of the International IKEA Group Sweden, for their global requirement.

IKEA specializes in the distribution and supply of home improvement products.

The production of the aforementioned additional “Composite Quartz Kitchen Sinks” for IKEA will begin in late July 2022, with deliveries kicking off in August 2022.

“We are pleased that IKEA has doubled their requirement for Composite Quartz Kitchen Sinks for their global supply by adding new moulds in response to the success of ongoing business. We value our strong business relationship with IKEA, which will help accelerate Company’s growth by leveraging strong product offerings across a broader geography,” commented Chirag Parekh, Chairman & Managing Director, Acrysil Limited.

He further stated that Acrysil is constantly striving to innovate and introduce new products to the market, as well as to set new benchmarks. Its vision is to make itself the undisputed leader in kitchen products with a one-stop-shop.

At around 9.58 AM, Acrysil was trading at Rs544.50 up by Rs55.35 or 11.32% from its previous closing of Rs489.15 on the BSE. The scrip opened at Rs498 and has touched intraday high and low of Rs554.10 and Rs495.70 respectively, so far.