Prism Johnson’s JV to close one of production lines
3rd Nov 2020

Prism Johnson’s Joint Venture (JV) company -- Antique Marbonite (AMPL) has decided to close one of its production lines having capacity equivalent to 3 MSM per annum with effect from November 2, 2020, due to an aging unviable plant. The kiln for manufacturing vitrified tiles was commissioned in FY2005. AMPL has been a Joint Venture of the H & R Johnson (India), a Division of Prism Johnson (HRJ Division), since May 2005.

The closure of above capacity would not have any adverse impact on overall sales of HRJ Division. With this, the overall capacity of HRJ Division, along-with its joint ventures and subsidiaries shall be 60 MSM per annum.

Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).