Chemical
SRF commissions resin plant in Thailand
The resin plant has been commissioned and capitalized on 27th November, 2020 at a cost of USD 19 million
- By ICN Bureau
| November 30, 2020
SRF Limited had earlier announced the setting-up of a BOPET film line & resin plant in Thailand by SRF Industries (Thailand) Ltd. which is a wholly owned subsidiary of the company.
The BOPET film line which is a part of the aforesaid project has been commissioned and capitalised on 20th May, 2020. The resin plant forming part of the aforesaid capital expenditure has been commissioned and capitalized on 27th November, 2020 at a cost of USD 19 million.
Earlier this month, the company had approved setting up of a second BOPP Film Line & Metallizer at Indore either directly or through a wholly owned subsidiary. The existing capacity is 45,000 MTPA and the existing capacity utilization is 100% on product mix basis. 60,000 MTPA of additional capacity is proposed at an outlay of Rs. 424 crore through mix of debt and internal accruals.
The new capacity should go on stream within 20 months.
The rationale for expansion is the growth of BOPP market both in India and overseas, need for ability to service the customer for the entire spectrum of BOPP products.
Recently its subsidiary SRF Europe Kft announced the successful commissioning of its new Bi-axially Oriented Polyethylene Terephthalate (BOPET) film manufacturing plant in Jaszfenyszaru, Hungary at a cost of Euro 80 million.
The company has also announced setting up of a new chloromethane facility to produce 1,00,000 tonnes per annum at Dahej, Gujarat at a projected cost of Rs. 315 crore.
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