12-09-2013, 03:42 PM
Minwool Rock Fibers Limited
Project Details
Minwool Rock Fibers Limited is a leading player in the domestic insulation market with Rockwool based thermal insulation products. The company has over three decades of experience and is the only company in India to manufacture mineral wool based ceiling tiles. With a wide range of insulating products on offer, and vast experience in the space, the company is now transforming itself from being a domestic supplier of insulation products to an integrated end-to-end insulation solutions provider. It is also simultaneously focusing to capture export markets for insulation products and ceiling tiles.
Minwool has integrated its value chain in an industry that has high import restrictions on raw materials and high dependence on costly imports for the finished product ie. insulating ceiling tiles. This integration has proved to be difficult for others due to technical and financial feasibility, thus creating an important entry barrier for new entrants.
Minwool’s products have vast applicability in several industries with growing demand forecasts. The company expects to tap the industry opportunity by expanding its production capacities and investing in automation. IFCI Venture has invested in Minwool to help fuel its rapid growth.