Machino Polymers Ltd., India's leading polypropylene composite material manufacturer, has decided to outlay Rs 1.99 bln (approx. US$40 mln) in a polypropylene compounding facility in Chennai. The PP compounding plant will have a of 1000 mtpa and will be supplied to the expanding automobile sector in India, which the company is projecting to rise by 11%. The decision comes six months after Machino's Gurgaon plant (company headquarters) grew its twice its capacity to 40,000 mtpa.
23-Feb-09 
