Supreme Petrochemicals projects turnover of Rs 1600 cr in current fiscal

20-Sep-07

India's largest polystyrene producer Supreme Petrochemicals Limited, is anticipates a turnover of Rs 1,600 crore in the current fiscal commencing from July 1, 2007. This is a 15% jump from the Rs 1,400 crore turnover recorded last year- of which over 50% was realized through exports. Supreme has a strong export market across 85 countries in Europe, North America and Asia. Certain Latin American as well as African countries have shown interest in procuring polystyrene from the group. Supreme is to introduce X-PS : an insulation material, that could substantially reduce energy consumption in commercial and residential buildings, expected to roll out in the market in Q1-2008. Supeme has already invested Rs 15 crore at Nagothane in Maharashtra towards the project.