Ester Industries plans R&D and Innovation facility at Gurgaon at an investment outlay of Rs 50 crore

02-Feb-17

Ester Industries Limited, India's leading manufacturer of Polyester Films, Engineering Plastics and Specialty Polymers, has announced that the Company in its quest to become a major technology based player in the field of special polymers plans to invest Rs 50 cr to set up a world class R & D and Innovation complex at Gurgaon. This Centre proposes to house 40 scientists / engineers who will be responsible for researching and developing breakthrough innovations.

Speaking on the development, Mr Arvind Singhania, Chairman, Ester Industries said, "The optimism for our Specialty Polymer business is driven by a strong confidence in our technology and R&D capabilities. Our team has already developed some exciting products that we believe have tremendous potential in various applications. The setting up of this R&D Centre will enable us further enhance and expand our capabilities to innovate with further breakthrough products."
The Specialty Polymer business enjoys the benefits of high enter barriers ensured by protection through the patents applied for. The Specialty Polymer business already has a Product portfolio of 18 products with 9 patents having been filed. The segment has a strong product pipeline of 30 products which are at various stages of development.