Regency Ceramics Announces Structured Takeover of Segno Ceramics in Bapatla
Vijayawada: Regency Ceramics has announced a structured takeover of Segno Ceramics located in Bapatla district in Andhra Pradesh. The deal will grant Regency Ceramics control of the manufacturing plant.
The all-cash deal will strengthen Regency Ceramics’ market position, particularly in south and east India. Spread over 50 acre, the plant has a production capacity of 3.6 million sq.mtrs (MSM) per year. The facility will enable Regency to manufacture a range of premium products including glazed and polished vitrified tiles.
This strategic move addresses our immediate production needs and enhances our market presence. Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Kerala, and Orissa are focus states, said Satyendra Prasad Narala, managing director of Regency.
The machinery and manufacturing capabilities at the new facility, combined with Regency’s engineering and technical expertise, will enable the company to capitalise on the expanding ceramics market. The facility provides a high level connectivity for exports due to its proximity to Chennai and Krishnapatnam ports, the company said in a release.
