Page 28 - Plastics News April 2023

Welspun acquires water tanks manufacturer Sintex

strategy.
The company has also been leading
sustainable practices across the na-
tion and with amplified ESG initiatives.
The goal is to positively touch 1 mil-
lion lives by 2030.

After foraying into sectors like ware-
housing, flooring & advanced textiles
to create strong emerging businesses,
Sintex is another emerging opportu-
nity for Welspun.
For decades Sintex has been a house-
hold name in India for water tanks and
other plastic products having a strong
distribution network across India.
he global conglomerate Welspun ter tanks and other interior solutions Commenting on the development of
TGroup has acquired the plastic like doors, windows etc, Welspun is the acquisition, Balkrishan Goenka,
industry market leader, Sintex. The poised to emerge as a strong brand in Chairman of Welspun, said, "As we
deal marks a significant expansion for the category. strengthen our building material port-
leading home textile and line pipes Sintex's auto business already has a folio and envision a strong domestic
manufacturer. The acquisition was ac- strong portfolio of OEM as well as footprints with our diverse business-
complished with a Rs 1251 crore deal. es, Sintex acquisition is a strategic
tier 1 customers nationally and glob-
According to the official statement ally. The Rototech space of Sintex is addition to strengthen our consumer
connect and on ground presence. Sin-
by the company, with the acquisition another big opportunity for the Wel- tex brand is synonymous to the cat-
of Sintex, Welspun will be an integral spun Group. egory and is known for its legacy of
part of many more households na- In recent times, Welspun has also quality products. With our new vision
tionwide, expanding its building mate- been installing manufacturing units for “Har Ghar se Har Dil Tak Welspun”,
rial portfolio which is a huge part of DI Pipes, TMT bars with brand Wel- every business is committed about
the larger B2C strategy.
spun Shield, Advanced textiles and driving our penetration in domestic
With the combination of flooring, wa- other capabilities to support the B2C market.

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28 PLASTICS NEWS April 2023