Welspun to Launch Hard Surface Flooring Business, Says Välinge
Viken Sweden, July 3, 2019-Indian conglomerate Welspun has signed a license agreement with Välinge Innovation for the use of locking technologies 5G, 5G-I and 2G as well as Liteback core technology. The technology implementation will enable y lightweight SPC flooring with locking systems.
A year ago, Welspun announced that its carpet business started a new chapter of growth by adding flooring solutions to its current portfolio of home textile products. Welspun Flooring, the Welspun Group's newest brainchild, will launch the first of its four scheduled units of integrated SPC tile manufacturing facilities in this July. Welspun plans for an extensive volume, starting with 10 million square meters and successively increasing. Products will be sold locally, as well as exported.