SRF Announces Setting Up Of A Polyester Film & Resin Plant In Thailand

SRF Limited informs that the Board of the Company has approved setting up of a BOPET film line & Resin plant in Thailand by SRF Industries (Thailand) Limited (a wholly owned subsidiary of the Company) at a total cost of USD 60 million (equivalent to Rs. 410 Crores (approx.)). The details of the project are given below:

Existing Capacity 28,500 MTPA Existing Capacity Utilisation 100% Proposed Capacity addition 40,000 MTPA Period within which the proposed capacity is to be added 30th September 2020 Investment required USD 60 million Mode of Financing The mix of internal accruals and borrowings Rationale This capacity addition will further strengthen our presence in the buoyant South East Asian region and expand the customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, we will not only gain significant synergies but also shorten the production lead-times. further, improve efficiency and ensure continued high-quality standard.

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SRF Announces Setting Up Of A Polyester Film & Resin Plant In Thailand

Existing Capacity	28,500 MTPA
Existing Capacity Utilisation	100%
Proposed Capacity addition	40,000 MTPA
Period within which the proposed capacity is to be added	30th September 2020
Investment required	USD 60 million
Mode of Financing	The mix of internal accruals and borrowings
Rationale	This capacity addition will further strengthen our presence in the buoyant South East Asian region and expand the customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, we will not only gain significant synergies but also shorten the production lead-times. further, improve efficiency and ensure continued high-quality standard.