India: With glass reinforced gypsum panels manufactured by FACT-RCF Building Products Limited (FRBL) growing popular, the joint venture company's turnover is expected to surpass US$2.95m during its current financial year.
The growth is significant given that the company's turnover was less than US$73,950 two years ago. During the previous financial year, turnover touched US$369,754, according to C P Dinesh, Managing Director of FRBL.
The sale of gypsum panels during the first nine months of its current fiscal year brought in US$665,233. About 100,000ft2/yr of panels is expected to be sold during the year. Dinesh said that gypsum panels had become acceptable in the country as an alternative to conventional building materials due to their environment friendliness and cost-efficiency.
