Acrysil spurts on order win from IKEA

23 Jun 2022 , 11:50 AM

IKEA Supply AG (Switzerland) is a part of International IKEA Group Sweden. IKEA has an expertise in distribution and supply of home improvement products. The production of aforesaid additional composite quartz kitchen sinks for IKEA will start from end of July 2022 and supply will commence from August 2022, the company said in a statement on Wedneday. Chirag Parekh, chairman & managing director, Acrysil said: We are pleased that IKEA has doubled their requirement of Composite Quartz Kitchen Sinks by adding new moulds following the success of ongoing business, for their global supply. We value our strong business relationship with IKEA which will help to accelerate the growth of our Company by leveraging our strong product offerings to a wider geography. Acrysil continuously strives to innovate and introduce latest products in the market and set benchmark which is never achieved before. Our vision is to make Acrysil an undisputed leader with one stop brand for kitchen products. We believe that we are well positioned to explore bigger and better opportunities to increase our global footprint. Acrysil is engaged in manufacturing composite quartz sinks. It has manufacturing plants at Bhavnagar, Gujarat and has a total installed capacity of 840,000 sinks per annum. The company is also into manufacturing of stainless-steel kitchen sinks with the core focus on Quadro Sinks and dealing into a complete range of Kitchen Appliances under its own Carysil brand. The company also offers Bathroom solutions under its Sternhagen brand. On a consolidated basis, net profit of Acrysil rose 25.46% to Rs 16.36 crore on 38.06% rise in net sales to Rs 138.93 crore in Q4 March 2022 over Q4 March 2021. Powered by Capital Market – Live News