Varroc Polymers has inaugurated its eighth polymer plant at Pithampur in Madhya Pradesh at an investment of Rs 20 crore. The company is part of the US$615 mln (Rs 3,320 crore) Varroc Group. The Pithampur plant will primarily manufacture automotive components and subassemblies for both two-wheelers and four-wheelers and has moulding machines ranging from 450T to 850T. The company says the new plant will service the requirements of VECV as well as the needs of customers in central and western India.
Apart from Pithampur, Varroc Polymers has two plants in North India, five plants in Western India, and is planning to establish its footprint in Southern India. The new plant in Pithampur is the 20th manufacturing plant for the Varroc Group in India and its 31st worldwide.