Carysil Secures Global RFQ, Plans ₹220 Crore Investment in IKEA Partnership

Carysil Ltd, in continuation to its previous intimations on 20th August 2020 and 31st March 2021, announces its strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz kitchen sinks for their global requirements. The company has successfully participated in IKEA's Global RFQ, securing the award. To further expand its business with IKEA, Carysil plans to invest approximately ₹220 crore in additional moulds, machinery, and related infrastructure. This investment aims to cater to IKEA’s global (non-U.S.) requirements for quartz kitchen sinks, reaffirming the company's commitment to strengthening its business relationship with IKEA and leveraging its manufacturing expertise to serve global markets.