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Technical textile maker SRF Ltd plans to invest Rs 665 crore on expansion projects

February 28/2011

(The Economic Times) -- Technical textile maker SRF Ltd plans to invest Rs 665 crore on expansion projects, which includes a new plant in South Africa and another in Gujarat.

The new plant in South Africa, which will be its second overseas units, will have an annual capacity of 25,000 tonnes. It is being set at a total investment of around Rs 250 crore and is expected to start commercial production in July 2013. The new South African plant will also mark SRF's maiden entry into the Biaxially Oriented Polypropylene (BOPP) space.

Earlier in October 2010, the board had approved a joint venture to set up a Bi-axially Oriented Poly Ethylene Terephthalate (BOPET) film plant of 28,500 MT per annum in Bangladesh.

The company has also obtained board approval to set up its second HFC-134a (an ozone friendly refrigerant) plant with an annual capacity of 15,000 tonnes in its chemical complex in Dahej in Gujarat. The project is expected to be commissioned at an estimated cost of Rs 365 crore. The capacity of the second HFC-134a plant is much higher than the company's existing 5,000 tonne capacity plant in Bhiwadi.

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