Calco Poly Technik to invest Rs 50 cr in a new plant, Auto News, ET Auto

Calco Poly Technik to invest Rs 50 cr in a new plant, Auto News, ET Auto

New Delhi: High performance plastic manufacturer Calco Poly Technik is setting up a new plant in Sonipat, Haryana with an investment of Rs 50 crore, a senior company official said.

The facility will be second plant for the company and will be equipped with a fully integrated testing lab facility. It is expected to be operational by middle of 2019 with a total capacity of 30,000 tonnes.

The plant will produce products made of high-engineered plastics to help automakers with lightweighting solutions. The expansion plan is expect to open up opportunity for 100 people.

“Within the new plant we are offering testing lab facility for entire range of plastics and polymers used in Indian automobile industry. This will help enable us to join hands with auto OEMs in terms of facilitating any test required from the polymer side,” Varun Gupta, Director told ETAuto.

The new unit will have eight production lines installed in two phases. In phase I, the company will install four production lines that will produce around 20,000 tonnes of high performance plastics annually, including polycarbonates, poly amide, PVT, acrylics and certain other products.

Under phase II, another four production lines will be added by 2021 to build on the remaining production capacity of 10,000 tonnes. Over 60 per cent of new plant productions will serve the automobile industry directly. Rest will be supplied to electrical and electronic industries from where they may get utilised in electric cars or other auto applications, Gupta stated.

Calco Poly Technik, which claims to be in advance stage of obtaining two new patent for lightweighting solutions, has its existing manufacturing facility in Kundli with a capacity of 10,000 tonnes per annum. Gupta said that Calco aims to have a combined capacity for 40,000 tonnes of high performance plastics by next 4 years from both the units.

“These products will be primarily linked to car body styles where they will replace metals and paints with plastics. Once the patents are filed, the products will be used in existing as well as upcoming car models,”Gupta added.

Source link