Mitsui subsidiary to set up PP compounded resin facility in India

Mitsui Prime Advanced Composites India - , a wholly owned subsidiary of the multinational Japanese company Mitsui Chemicals Inc, has announced a new manufacturing facility for polypropylene compounded resins, with support from Rajasthan State Industrial Development and Investment Corporation (RIICO). The company will set up its first manufacturing base on 15 acres of land allocated by RIICO at Neemrana Japanese Investment Industrial Area. The unit will have an initial capacity of 15,000 tpa and will be operational from Q1-09. Output from the plant will find application in manufacturing bumpers, panels and pillars, for four and two wheelers, boosting the emergent auto sector in Rajasthan. The presence of automobile majors like Ashok Leyland, Eicher and Honda Siel Cars among others in the region has facilitated the growth of the manufacturing sector in Rajasthan in a major way. About 70 auto component units including prominent players like Caparo Fasteners, Climate System, Federal Mogul Goetze, Nissin Brakes India Pvt. Ltd, Hi-Tech Gear, Ocap Chassis, Amtek India, Balkrishan Tyres and Continental Engines are also present in the Bhiwadi region.
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