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Amway India Enterprises has plans triple the production capacity of its manufacturing unit of Himachal Pradesh for which about Rs.55 crore will be invested.
According to the Amway India Managing Director and Chief Executive Officer, William S. Pinckney, "We have plans to treble the capacity of our Baddi manufacturing plant by December-end,"
"We are adding four new product lines to the existing five lines at Sarvotham Care's plant (at Baddi). This will involve an outlay of around Rs.55 crore," he said.
Rs. 50 crore had been invested by Amway India Enterprises in 2004-05 for its Baddi plant. 85% of Amway products come from the Baddi plant.
Pinckney also downplayed the impact of recession in the country, saying: "We grew by 40 percent in recession-hit 2008 touching Rs.1,128 crore from Rs.800 crore in 2007. We expect to touch sales of Rs.2,500 crore by 2012."
