Carysil Limited renews Contract with “KARRAN INC. USA” for supply of Quartz Kitchen Sink for value of ~ USD 68 million over the period of 5 years
Carysil Limited (Formerly Known as Acrysil Ltd.), one of the leading manufacturer of “Quartz Kitchen Sinks” in world with German technology, has renewed its Contract with “KARRAN INC. USA”, for the supply of Quartz kitchen sinks for value of ~ USD 68 million equivalent to ~ Rs. 550 Crores over the period of 5 years commencing from FY24.
Commentating on the above, Mr Chirag Parekh, Chairman & Managing Director, Carysil Limited, said:
“We are happy to enter into
contract for the supply of Quartz kitchen sinks to ‘KARRAN’ for US market over the period of five years. We value
our business relationship with Karran
and expect to strengthen it further in coming years.
KARRAN is rapidly
taking over Quartz
Kitchen Sink sales in USA from most other manufactures.
We understand that global customers
are looking at trusted supply manufacturing partner in India; hence, the
Europe+1 strategies have begun to play to a large extent. Considering the
expected global demand,
we have expanded our manufacturing capacities.
After receiving
an overwhelming response to our products at the KBIS 2023 trade show in Las
Vegas, Nevada (United States), we are confident
that our product
quality and reliability have earned us a strong reputation among our customers globally.
We are committed to our global
expansion plan and hence strengthening our position in the US market to provide
the highest quality products and services
to our customers, including the latest eco-friendly products.”
About Carysil Limited
Carysil Limited was incorporated in 1987 and is engaged in the manufacturing of Composite Quartz Sinks. The Company started its operations with the help of technical collaboration with “Schock & Co.”, Germany. The Company has its manufacturing plant located in Bhavnagar, Gujarat, India and has a total installed production capacity of 10,00,000 sinks per annum as of date, one of the largest manufacturers of Quartz Kitchen Sinks in ASIA. The Company is also into manufacturing of Stainless-Steel Kitchen Sinks with a core focus on high end “Quadro Sinks” and PVD Sinks . The company also dealing in a wide range of built-in Kitchen Appliances under its “Carysil” Brand, having varieties of Kitchen Chimneys, Dishwashers, Cook-tops, Built-in Ovens, Wine - Chillers etc. The Company also offers Bathroom solutions like Premium Sanitary ware, Washbasins, and Composite 3D Tiles to name a few, under its “Sternhagen” Brand.
Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. The global volatility and Geo-political situation and / or any force majeure may affect the estimates and hence the actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no responsibilities or claim to its forward- looking statements. The company also assume no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
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