Welspun to enter pipe segment with Sintex, eyes 5% market share in 7 years

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Welspun to enter pipe segment with Sintex, eyes 5% market share in 7 years - Business Standard

Quick Summary:

Welspun Group is diversifying Sintex, a company acquired through insolvency, into segments including pipes, aiming to corner 5 per cent market share of this highly competitive space in the next seven years, said a company official.

The Goenka family-promoted group is now taking brand Sintex beyond its primary plastic water storage tank business to new areas such as pipes and water recycling.

Welspun is aggressive for Sintex's growth, where it is investing to expand its capacity, talent acquisition and optimisation, which will enable it to drive a long-term growth, said Yashovardhan Agarwal, Managing Director, Welspun BAPL & Director, Sintex.