Colgate to open plant at Sanand

Oral care major Colgate Palmolive India on Monday said it it’s coming up with a plant at Sanand near Ahmedabad.

“We have taken on lease from Gujarat Industrial Development Corporation around 39 acres for Rs 42.62 crore. The objective is to make toothpaste at this plant,” Colgate Palmolive India chairman Mukul Deoras told the 71st annual general meeting here.

“Sri City in southern Andhra Pradesh is another place where we have acquired around 25 acres for Rs 11.4 crore as part of the initial lease. This place,where we will set up a tooth brush manufacturing plant,is not very far from Chennai,” he said.

Both plants will be operational by 2013,he said,but did not give details of capacity addition at the new units.