Mayur Uniquoters Limited has  informed that in line with the ambitious expansion plan of the Company and considering the potential of Polyurethane (PU) Artificial Leather Market, it is in the process of setting up a new PU Artificial Leather Manufacturing Plant / PU Coated Textile plant at Morena, near Gwalior. The salient features of the project are as follows:

(a) The Company has taken land measuring 25 acres in Madhya Pradesh in Sitapur Industrial Area, District: Morena, near Gwalior for setting up new PU Artificial Leather Manufacturing Plant and its backward integration.

(c) The installed capacity of the plant for the first phase will be as follows :

(i)Financial Year 2019-20: 5 Lakh Linear Meters per month.

(ii)Financial Year 2020-21: Additional 5 Lakh Linear Meters per month which will take total installed capacity-to 10 Lakh Linear Meters per month.

(d) "Foundation Stone Laying Ceremony" has been done in the month of November 2017 and Commercial Production is expected to be started by the end of 2018.

(e) At present, India imports approx. 15 million meters of PU leather on monthly basis. Thus setting up of this plant aims to cater  to a market with PU Artificial Leather which is going to complement the Company's current strength and help Indian Leather goods industry to get indigenous PU Artificial Leather.