Knauf Group plans €350 million India investment and four new plants, starting with €80 million Gujarat site

Knauf Group plans to invest an additional €350 million in India and establish four new plants, Managing Partner Murat Akyildiz said after meeting Union Minister of Commerce and Industry Piyush Goyal. The Tribune reported the plan on October 22, 2026.

Knauf's €350 Million India Expansion

Akyildiz said the company would begin with its third plant in Gujarat, involving an investment of €80 million. "Our first step will be to establish a new plant, which will be our third plant overall, in Gujarat. We will invest €80 million in this plant alone. The land is ready, and the machinery is ready," he said.

Knauf already operates two plants in India. Akyildiz said the company is confident about the country's business environment and Prime Minister Narendra Modi's vision of 'Make in India' and 'Vocal for Local'. "We plan to invest an additional €350 million in India because we strongly believe in Prime Minister Modi's vision of Vocal for Local and Make in India. We have great confidence in the country," he said.

Akyildiz described the meeting with Goyal as positive. "We have just had an excellent meeting with the minister, and we are confident that things will move forward very quickly," he said. He added that the development demonstrated India's readiness to do business: "This is great because it demonstrates that India is always ready for business, and so are we."

Knauf is a family-owned German building materials manufacturer founded in 1932, producing gypsum drywall, insulation, ceiling systems and related construction products through three divisions across more than 90 countries, according to akta.pro company records. The same records list annual turnover of 15.6 billion euro, more than 320 production facilities worldwide and a headcount range of 10,001 or more.

Knauf's Earlier Moves in Saudi Arabia

In September 2026, Saudi Arabia's Capital Market Authority approved the publication of Knauf International's offer document and timetable for acquiring up to 100% of the remaining shares in United Mining Industries Co., Argaam reported. The approval marked the next step in the takeover process.

Knauf had acquired a 63.2% controlling stake in United Mining Industries Company for SR504.49 million ($134.5 million), with stated intent to subsequently acquire up to 100%, according to company records. The same records describe the deal as a strategic entry into the Saudi market under Vision 2030 industrial localisation.

What Comes Next for Knauf in India

Akyildiz said the Gujarat plant's land and machinery are ready, and that the company expects the project to move forward quickly following the meeting with Goyal.