Stylam Industries embarks on Rs. 60-crore expansion plan.

Panchkula-based Stylam Industries, a leading manufacturer and exporter of high pressure laminates and high-tech adhesives, has embarked upon a Rs. 60-crore expansion plan in laminates, exterior cladding and exterior flooring.

Satish Gupta, executive director, Stylam Industries said that the company has been more focused on the export market in the past few years and more than three-fourths of its output is exported -- to a jaw-dropping 80 countries.

Owing to changing trends in demand and design in Indian buildings, the scope for Stylam's products has increased manifold, he said. Growing awareness, higher disposable income and urbanisation have driven up the demand for laminates, exterior flooring and exterior cladding, since these products not only enhance the aesthetics of a building but are also cost-effective and long-lasting, Gupta said.

'Assessing the rapidly increasing demand for our products, we have tied up with channel partners in all major towns of India to offer speedy delivery to customers,' said Gupta.

Stylam Industries was founded as a private limited company in 1991, and a mere four later, in 1995, it went public, listing on the BSE. Its sales turnover in 2014-15 was Rs. 215 crore, and exports amounted to about Rs. 172 crore, indicating its transformation from a small enterprise into a medium-sized one.

BS