Machino Polymers to invest in expansion PP compounding capacity

02-Jul-09

Over the next two years, Auto ancillary Machino Polymers (MPL) plans to invest upto Rs 40 crore to expand capacity of polypropylene compounds to 60,000 tpa from the present 40,000 tpa. Polypropylene compounds are used in manufacturing plastic components such as bumpers and dashboards in automobiles. The company is targeting a market share of 60% after the two new greenfield facilities are operational. MPL has announced a tie-up with Abu Dhabi-based plastic solutions provider Borouge, under which MPL will use Borouge’s technology and raw materials for production of polypropylene-related materials to cater to the country’s automobile industry.