Supreme Petrochem has received approval for modification of one of the three Polystyrene (PS) producing lines at the plant in villages Amdoshi, Wangani in the state of Maharashtra into a swing line capable of producing 42,500 TPA of SMMA (Styrene Methyl Methacrylate) in addition to PS. The board of directors at its meeting held on January 22, 2016 has approved for the same, as per money.livemint.com.
The technology for the modification of the PS line and production of SMMA will be from Polysty Inc. USA. The cost of the project, including hardware and technology fee would be around Rs 6 crore and will be met from internal accruals. The plant start up is expected by end of 2016 and the estimated payback period is two years.
27-Jan-16 
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