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Indias leading manufacturer of reinforced polymer will invest in greenfield projects

January 17/2011

(Plastemart) -- Indias 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 companys 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.


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