The Board of Directors of Excel Industries Limited has approved capital expenditure of Rs. 80 crore for capacity expansion of certain grades of Speciality Polymer business as there is a growing demand for these products.

The company is planning to propose capacity addition of 6,000 MTPA thereby taking the overall capacity to 12,000 MTPA. Presently, the capacity utilization is more than 80 percent and there is a need for expansion.

The proposed capacity will be added in the next 24 months and total investment required is to the tune of Rs. 80 crore. The mode of financing will be through internal accruals and debt.  

Ester Industries Limited manufactures Polyester Films, Specialty Polymers and Engineering Plastic compounds. Polyester Films find applications primarily in flexible packaging while Specialty Polymers find applications into niche areas including rigid packaging, textiles etc. The Engineering Plastics business processes various materials for industries like automotive, electrical & electronics, appliances and telecom.

The company's manufacturing facility is located at Khatima, Uttarakhand. The company has a global presence, supplying to a large customer base in 75 countries across Europe, Americas, Africa, the Indian sub-continent, Far East, Asia Pacific and the Middle East.