PG Electroplast Sets Sights on Refrigerator Manufacturing with Major Expansion in Sri City

PG Electroplast Limited is accelerating its manufacturing footprint with a significant investment plan and land acquisition in Sri City, aiming to launch its refrigerator production by December 2026. This move marks a strategic leap as part of the company’s broader commitment to strengthen its presence in the consumer durables sector across India.

 

Key Highlights of the Expansion

 

The first phase of the new facility will focus on refrigerator manufacturing with a planned annual capacity of 1.2 million units by December 2026.

 

PG Electroplast is allocating a substantial investment of 10 billion rupees over the next five years, underscoring its confidence in the growth potential of home appliances.

 

The company recently secured a 50-acre land parcel in Sri City, Andhra Pradesh, a strategic industrial hub known for its infrastructure and logistics advantages.

 

Strategic Importance and Growth Outlook

 

The expansion aligns with PG Electroplast’s aim to diversify its product portfolio, complementing its existing manufacturing capabilities in air conditioners, washing machines, and electronic components.

 

Establishing a large-scale refrigerator manufacturing campus will enhance the company’s supply chain efficiency and cater to rising domestic and export demand.

 

The new facility is expected to create significant employment opportunities and contribute to the local economy through ecosystem development, including supplier partnerships and ancillary industries.

 

Looking Forward

 

With a phased approach to capacity building, PG Electroplast plans to leverage technology and process innovations to maintain cost competitiveness and product quality.

 

The strategic investment underlines the company’s long-term vision of becoming a dominant player in India’s fast-growing consumer durables manufacturing sector, supporting the government’s vision of Atma Nirbhar Bharat.

 

This development signals PG Electroplast’s proactive stride toward expanding its manufacturing base, signaling robust growth prospects in India’s consumer electronics and home appliance markets.

 

Source: PG Electroplast Ltd, BusinessUpturn, Industry Reports