DSM to raise capacity in India to 20,000 tpa

DSM Engineering Plastics will triple its high-performance thermoplastics manufacturing capacity in India from 7,000 to 20,000 tpa. The expansion, planned at an investment outlay of $20 mln, is scheduled for completion by mid-2008. DSM, which set up India base with the acquisition of Cenka Plastics' assets in 1999, is setting up a greenfield compounding site in the Ranjangaon industrial zone. DSM is targetting the infrastructure (construction and power) and automotive segments in India. The use of low voltage switch gears as electrical safety equipment becomes mandatory and has resulted in increased demand for the company's material.
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