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| Exchange Received Time 09/07/2018 15:58:52 Exchange Disseminated Time 09/07/2018 15:58:55 Time Taken 00:00:03 | In comp.nce with reg. 30 of Listing Regulations it is hereby informed that Board of the Co. has approved setting up of a BOPET film line & Resin plant in Thailand by SRF Industries (Thailand) Ltd. (WOS) at a total cost of USD 60 MN (equ to Rs. 410 Crores (approx.)).
The details of the project are given below :-
Existing Capacity 28,500 MTPA
Existing Capacity Utilisation 100%
Proposed Capacity addition 40,000 MTPA
Period within which the proposed capacity is to be added 30th Sep., 2020
Inv required USD 60 mn
Mode of Financing Mix of internal accruals and borrowings
Rationale This capacity add will further strengthen our presence in buoyant South East Asian region and expand customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, we will not only gain significant synergies but also shorten production lead-times, further improve efficiency & ensure continued high quality standard.
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