Wavin acquires Hyd facility

Netherlands-based pipes and fittings solution provider Wavin has acquired Dura-Line manufacturing facility in Hyderabad for an undisclosed sum. Dura-Line is a part of Orbia and engaged in manufacturing high-density polyethylene (HDPE) pipes and fittings. Wavin has taken over the plant, which is spread over 41,250 sq metre area and has 96 employees at present. This will be the first manufacturing plant of Wavin in India, although Wavin has manufacturing plants abroad.

Freek Crum, president (Asica-Pacific), Wavin, said: "The acquisition of Dura-Line's manufacturing plant is a major step on our global expansion journey, as well as towards our objective of responding to India's infrastructure and environmental needs,"

The company will produce Wavin brand of products from Hyderabad facility, which has a production capacity of 14,500 MT/annum, to cater the Indian market.

"With this takeover, the company reinforces its commitment to the government initiatives such as 'Make in India' and will be deploying its newest solutions and technologies in a crucial growth market within India and throughout Asia-Pacific," Wavin said in a statement. Wavin had re-entered the Indian market in 2020 and is betting in the market here. "India market with its double-digit growth potential of infrastructure markets makes it among the priority markets for us globally. We are progressing as per our plans for building local manufacturing capacity in the country," Crum said. "As we work with our partners to optimise our footprint in India, we will be creating employment and earning opportunities for people and communities we operate in."

It is a significant milestone of expanding the company's global footprint with its own factory in India, he added. Wavin will produce a wide range of PVC, CPVC and SWR pipes and fittings locally with the latest development, the statement said. Both Wavin and Dura-Line are group companies within Orbia, a global leader in specialty products and innovative solutions for building and infrastructure, precision agriculture, health care delivery, and data communications.