Godrej Group planning Rs.300-315 crore investment
October 6th, 2010 - 8:46 pm ICT by IANSKolkata, Oct 6 (IANS) The Godrej Group is planning to invest Rs.300-315 crore in setting up a soap plant, a chemical and a cosmetics unit, and go for acquisitions in the hair care and household insecticide segments.
“We will set up a new soap plant in a coastal area, a new chemical unit which would cost around Rs.150 crore and one cosmetic plant that may cost around Rs.15 crore,” Group Chairman Adi Godrej said here Wednesday.
The cosmetics unit would come up in the northeast of the country, he said.
The soap unit would be executed by Godrej Consumer Products Ltd (GCPL) and the chemical unit by Godrej Industries.
On acquisition plans, Godrej said the group would look for inorganic growth in haircare, household insecticide and personal wash segments in Asia, Africa and South America.
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- Godrej Consumer eyes 10-fold revenue jump in a decade - Sep 20, 2011
- Godrej Consumer Products buys majority stake in African hair care firm - Jun 01, 2011
- Godrej Consumers quarterly profit surges 94.25 percent - Jul 23, 2011
- Godrej Consumer Products acquires Indonesia's Megasari Group - May 17, 2010
- Godrej eyes acquisitions to double its turnover - Sep 18, 2009
- Godrej eyeing acquisitions in Asia, Africa - Apr 07, 2011
- Murugappa group plans Rs.1,000 capex in 2012-13 - May 10, 2012
- Godrej Properties to raise Rs.500-600 crore to reduce debt - Feb 10, 2012
- Godrej Sara Lee to set up insecticides plant in Nepal - Mar 17, 2010
- Godrej brand valued at $2.86 billion - May 10, 2011
- Bharat Fritz to invest Rs.350 cr for expansion plans - Jan 25, 2011
- Adi Godrej is new CII president - Apr 18, 2012
- Murugappa group scouting for overseas acquisition - May 05, 2011
Tags: acquisition plans, acquisitions, adi godrej, africa, asia, coastal area, cosmetics, gcpl, godrej group, godrej industries, group chairman, hair care, household insecticide, personal wash, products ltd, segments, soap plant, south america