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Private Sector | Not Classified - india | PID: 192156
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The Board of Directors of Ester Industries has approved plans to incorporate a wholly-owned subsidiary (WOS) and expand its polyester film business by setting up a greenfield project in WOS.
The facility is expected to become operational in the next 18-24 months and will help Ester Industries enhance its market share. The project entails setting up polyester film line of 48,000 tpa capacity, at an investment of Rs 500 crore
The project will be funded through mix of internal accruals and external debt ensuring the company maintains its growth momentum without over leveraging its balance sheet
The new facility will take the company’s total biaxially-oriented polyethylene terephthalate (BOPET) film capacity to 1,08,000 tonne, enabling it to optimally respond to the growing demand for the film which is also seeing usage across several new categories
| Updated on: 07 - Mar - 2020
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