SUNBIZ

Basic Industries Will Go Bigger In The Tile Glue Market Next Year

As millions of dollars are spent annually on importing tile glue, Fijian Holdings Lim­ited is taking every chance they can get to fill the gaps in the local market. Fijian
14 Oct 2017 11:53
Basic Industries Will Go Bigger In The Tile Glue Market Next Year

As millions of dollars are spent annually on importing tile glue, Fijian Holdings Lim­ited is taking every chance they can get to fill the gaps in the local market.

Fijian Holdings Limited Group chief executive of­ficer Nouzab Fareed shared the birth of a new division, Tile Glue, at Basic Indus­tries Limited.

Basic Industries Limited is made up of two major di­visions, Standard Concrete Industries and Humes In­dustries.

“Our country has been im­porting tile glue, which is a waste of money when we can easily make it locally,” said Mr Fareed.

The Group has invested $2 million into starting the new division with brand new equipment.

The factory is located in Nasinu, within the prem­ises of Standard Concrete Industries.

Basic Industries Lim­ited chief executive officer Mosese Volavola said the launch of the division will take place in January, 2018.

“The construction of the plant is finished and we are just awaiting for some im­ported materials to arrive,” said Mr Volavola.

The construction started in early June and the main challenge faced by the com­pany was getting someone to build the plant and ware­house, said Mr Volavola.

Therefore the company was left with no choice but to build it themselves.

Although there are other local companies producing tile glue, Mr Voalvola says Basic Industries will do it in a “much bigger scale”.

Raw Materials

The new division is basi­cally another extension to the company.

Majority of the raw ma­terials for producing the product is available .

“The raw materials comes out of the quarry division. All we have to do is add chemicals since it comes out of products like con­crete and aggregate,” he said.

Demand for Tile Glue

Mr Volavola agrees that our local construction sec­tor is booming.

“As you know, the con­struction industry is booming at the moment and so the demand for all construction materials are big and this includes tile glue. Majority of tile glue is imported from overseas especially those in the lo­cal hardware stores and so we want to take advantage of the demand,” said Mr Volavola.

Price of Tile Glue

He added that 20 kg of tile glue sold at $20 is the cheap­est price available in our hardware stores.

Majority of the glue that is available in stores are ei­ther from Australia or New Zealand and well-known brands charge a bit more.

“We are always looking at new products and since this product will be lo­cally made, we can sell it at a cheaper price. So this is a big advantage for our customers,” Mr Volavola added.

It is too early to tell what the production per hour is for the new division.

By next week, Basic Indus­tries will also start produc­ing one of their products, plaster mix, using the tile glue machine.



Five Square diwali dhamaka 2021


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Tower Insurance
FNPF
Covid 19 - SPC
Fiji Sun Instagram
Subscribe-to-Newspaper