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(Plastemart) -- India’s
leading manufacturer of reinforced polymer - Kemrock Industries and Exports has
signed an agreement with the Gujarat government to invest US$2 bln in
greenfield projects in the state. These projects include defence and aerospace
parks, a carbon fibre plant, a glass fibre unit and another facility for
specialty polymers. The investment of Rs.9,700 crore will be made over the next
3 to 5 years.
The process of land acquisition for the proposed manufacturing site is
underway near Vadodara, near the company’s existing manufacturing unit spread
over an area of around 250 acres. Kemrock may look for partners for setting up
the Greenfield projects.
The company has recently signed a pact with Hindustan Aeronautics for a
joint venture to develop, manufacture and market aerospace-grade carbon fibre
pre-pegs along with its associated material for defense and aerospace programs
in the country.
mrcplast.com
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