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Indias second largest PE maker to invest in SBR production

October 31/2011

(Plastemart) -- In a bid to come out of its financial crisis, Indias second largest PE maker Haldia Petrochemicals Ltd (HPL) plans to invest in plants to produce Butiene-1 and Styrene-Butadiene-Rubber (SBR).

The cash-starved company, co-promoted by the West Bengal government, may float a request for a proposal from global firms for project Butiene-1 by Friday, as per a company official. HPL managing director Partha S. Bhattacharyya told IANS that the total investment for the project will be Rs.200 crore.

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