Ester Industries Plans To Expand Its BOPET Film Capacity
The Board of Directors of Ester Industries Limited given nod to incorporate a wholly owned subsidiary (WOS) and to expand its Polyester Film business by setting up a Greenfield project in the 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 MTPA 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 BOPET Film capacity to 108,000 MT enabling it to optimally respond to the growing demand for film which is also seeing usage across several new categories.