Vadodara, 27 September 2013

Hettich India, the 12-year-old equal-stake joint venture between Saroj K Poddar’s Adventz Group and Germany’s Hettich Group today inaugurated a Rs. 100 crore manufacturing facility to make wire baskets at Vadodara, Gujarat.

There are 10,000 products in the Hettich line and we have started producing one,” S K Poddar (pictured), chairman, Hettich India, said.

The company would spend another Rs 400 crore for expanding the operations and plant, which would also serve as a export hub.

Hettich is one of the world’s largest manufacturers of furniture fittings, with a turnover of over $1.2 billion and presence in 110 countries.

“Over the next five years we are hopeful of adding four to five product lines at our Vadodara facility,” Poddar said.

The Indian unit is Hettich’s second biggest subsidiary outside of Germany.

Andreas Hettich, global CEO of Hettich, said, “Per capita consumption of furniture in India is expected to increase in line with the western world.”