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SRF Industries commissions BOPP film line in Thailand

July 22/2021

MOSCOW (MRC) -- Industrial and specialty intermediates manufacturer SRF Ltd. (New Delhi, India) said that a major part of the BOPP film line in Thailand was commissioned and capitalized on 19 July 2021, reported Business Standard.

On 4 November 2019, the board of SRF approved setting-up BOPP (Biaxially Oriented PolyPropylene Films) film line in Thailand by the company's wholly owned subsidiary, SRF Industries (Thailand).

The cost of commissioning the project is approximately USD50.51 million.

As MRC wrote before, in August, 2020, SRF Ltd. announced the establishment of a biaxially oriented polyethylene terephthalate (BOPET) plant at Jaszfenyszaru, Hungary. The BOPET plant will be built with an investment of EUR80 million (USD94 million). The facility entails a 10.4 m wide BOPET film line, with a production capacity of 40,000 metric tons/year.

SRF operates production sites in India, South Africa, and Thailand. Earlier in August, 2020, the company announced  its plans to build a chloromethanes plant in India. The plant will have a production capacity of 100,000 metric tons/year and is due to be completed by January 2022. It is being built at a cost of 3.15 Indian billion rupees (USD42 million).

SRF is a chemical based multi-business conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company reported 96% jump in consolidated net profit to Rs 381 crore on 40% jump in revenue from operations to Rs 2,608 crore in Q4 FY21 over Q4 FY20.


mrcplast.com
Author:Margaret Volkova
Tags:BOPET films, BOPP films, SRF Ltd, Hungary, India, Thailand.
Category:General News
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