Owais Metal and Mineral Processing Limited announced that Company has entered into a lease agreement to take over an entire running plant for manufacturing of Quartz Stone Slab. The Company is engaged in the processing of raw Quartz and the leasing of new manufacturing unit would allow the company to add new products to its existing product base and the company would be processing and manufacturing Quartz Stone Slab which is mainly been used by the Hotel and Home Décor Industry. The Company has taken over an ongoing running plant on a 5 years lease period and the plant is situated at Udaipur, Rajasthan.

The plant is spread across an area of 15,303 Sq.mtr. and has an installed capacity to manufacture 50 Quartz Stone Slabs in 12 Hours. The Company by taking on lease the said plant takes a step ahead towards a forward integration of its Quartz processing activities by manufacturing and selling the finished products known as Quartz Stone Slab.

The expansion aligns with long-term growth strategy and is a significant milestone for company. This initiative will not only allow to meet the increasing market demand but also strengthen position in the industry. The manufacturing unit is expected to become operational from April 01, 2024.