Oriental Trimex Ltd (BSE: 532817) is set to make a groundbreaking impact on the stone industry with a series of strategic initiatives aimed at expanding its market presence and achieving financial stability. The company announced a major leap forward with the introduction of a cutting-edge wire-based gangsaw machine at its Gummidipoondi plant, revolutionizing stone processing in India. This advanced technology, sourced from Changsha Beto New Material Technology Co. Ltd., promises enhanced precision and efficiency, significantly reducing waste and increasing productivity.
Additionally, Oriental Trimex is expanding its footprint with a new 21,000 sq. ft. showroom in Greater Noida, scheduled to open by September 2024. This facility will showcase a wide range of finished marbles and granites, positioning the company to meet the growing demands of the region, particularly with developments like the upcoming Jewar Airport and Aerocity.In a strategic move to boost revenue, the company has secured a 30-year lease for a Jet Black Granite Quarry in Orissa, promising substantial export potential. Alongside this, Oriental Trimex plans to diversify its product portfolio with new lines, including low-cost granites and porcelain tiles, set to launch in December 2024.
Financially, Oriental Trimex is on track to become debt-free following a substantial payment of INR 38.25 crores to Edelweiss ARC. This significant reduction in debt underscores the company’s strengthened position in the market.In Kolkata, the company’s expansion into diverse product offerings and technological advancements is expected to drive increased demand and solidify its competitive edge in the region.
