New Launch7 Feb 2025, 08:41 pm
Garware Hi-Tech Films Ltd. to Set Up TPU Extrusion Plant with Rs. 118 Crore Investment
AI Summary
Garware Hi-Tech Films Ltd. has announced its plan to set up a TPU Extrusion plant at Waluj, Chhatrapati Sambhaji Nagar, Maharashtra. The project, with a capital expenditure of Rs. 118 Crore, is expected to commence in March 2025 and become operational in October 2026. The rationale behind this move includes cost saving, new value-added product portfolio, Make in India initiatives, and the fact that it will be the first TPU extrusion facility in India.
Key Highlights
- Capital expenditure of Rs. 118 Crore for the TPU Extrusion plant.
- Project initiation in March 2025 and commercial start in October 2026.
- Estimated payback period of 33 months.
- Rationale includes cost saving, new value-added product portfolio, and Make in India initiatives.
- First TPU extrusion facility in India.