Deep Polymers to set up new unit in Gujarat
Deep Polymers Ltd has decided to diversify and expand its operations by setting up a new state-of-the-art unit at Gandhinagar, Gujarat.
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Hyderabad: Deep Polymers Ltd has decided to diversify and expand its operations by setting up a new state-of-the-art unit at Gandhinagar, Gujarat. The new manufacturing unit will manufacture mainly two products that will be added to its existing range of specialty chemicals like specialty black masterbatch and specialty color masterbatch. The company also plans to produce polypropylene-based masterbatch for non-woven fabric application, the company said in a communiqué to BSE.
Specialty black masterbatch is used in different types of PET fiber like POY, FDY, stable fiber, manmade fiber, etc. The Masterbatch contains Polybutylene terephthalate (PBT), Polyethylene Terephthalate (PET) and carbon black. Specialty Color Masterbatch used for PES filament yarn, stable fiber, trilobal, semi dull fiber etc. The Masterbatch contains Polypropylene Terephthalate (PPT), dyes, pigment and wax.
The company has already acquired land measuring 33,600 sq. meters in Hajipur Industrial Area, Gandhinagar, Gujarat. It envisages good growth and diversification in the first year of operation from this new unit. The project is likely to get commissioned in next 6 to 8 months. The new unit will be fueling the growth to achieve the long-term plans set by the management enabling the company to continue to provide high quality products and offer wide range of products.
