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SRF to set up plant in Indore

SRF will set up a plant at Indore. The proposed facility is set to have a capacity of 30,000 TPA and a metallisation capacity of 8,000 TPA. More than 60 per cent of the proposed project output of flexible packaging will be used in the food packaging and beverages industries. The project will thus support the expansion of the processed foods industry and enhance food security by reducing food spoilage. SRF is a leading producer of biaxially-oriented polyethylene terephthalate film. The proposed investment will be backed by the International Finance Corporation.

The project aims to create 100 direct jobs and a similar number of indirect jobs in ancillary units and supply chain. In 2012, the IFC financed SRF's greenfield projects in Thailand and South Africa. The current proposed investment complements these earlier investments.

SRF has interests in technical textiles, chemicals and polymer and packaging films. The company has existing operations in Madhya Pradesh, Rajasthan, Uttarakhand, Tamil Nadu and Gujarat. It has plants in three countries and exports to 75 countries. It is a multi business manufacturing entity—fluorochemicals, specialty chemicals, and engineering plastics. Among its products are laminated fabrics, industrial yarns, refrigerants, engineering plastics, tyre cords, packaging films.

www.srf.com/

 
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