Plastiblends to invest 10 million USD in new masteroatch plant

摘要

PLASTIBLENDS India Ltd. is investing $10 million in a new factory in Gujarat, the company's third production facility, a top executive said in an interview at the Plastindiafair. "We are investing around $10 million in the plant," said S.V. Kabra, chairman and managing director of Mumbai-based Kolsite Group, the parent company of Plastiblends. "We have already procured the land and within a year the plant would commence production." The factory, in the city of Surat, would likely start with 30,000 metric tons of annual production, with the ability to expand to 100,000 metric tons, likely within five years, Kabra told Plastics News.