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Private Sector | Not Classified - india | PID: 202709
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Jindal Advanced Materials (JAM) has signed an agreement with Italian speciality chemical fibre manufacturer MAE for setting up a carbon fibre facility in India at an investment of Rs 2,700 crore. MAE signed the agreement with JAM, earlier this month at JEC Paris.
The facility, with 3,500 metric tonne (MT) annual capacity will offer a comprehensive range of intermediates, such as prepregs, fabrics, multiaxial and carbon fibre composites for diverse industrial needs for lightweight carbon fibre solutions. JAM's plan includes the production of low-tow to high-tow carbon fibres, with the capacity expansion projected to reach 10,000 MT by 2027. The Italian firm will provide top-tier engineering and equipment for smooth execution of the project.
The facility is expected to be operational within 30 months, and the project will cover the entire value chain, from polyacrylonitrile (PAN)- precursor to carbon fibre intermediates. This collaboration aligns with the 'Make in India' initiative, while advancing India's carbon fibre industry across various applications and setting new benchmarks in carbon fibre production, catering to the burgeoning demand in India. Globally, composites are over three times lighter than steel, twice as strong, corrosion-resistant, and non-conductive.
JAM, part of OP Jindal Group of companies has three manufacturing plants in Haryana for various composite manufacturing processes with quality systems. MAE is a global Italian manufacturer of advanced materials and solutions.
| Updated on: 04 - Apr - 2024
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