06 February 2012 09:43 [Source: ICIS news]
NEW DELHI (ICIS)--Finolex Industries plans to expand its polyvinyl chloride (PVC) pipe capacity by setting up a 40,000 tonne/year unit at Vadodara in ?xml:namespace>
“About 25% of this new capacity (10,000 tonnes/year) will be chlorinated-PVC (C-PVC) pipes, which are in high demand in the country currently,” the source said on the sidelines of the 8th PlastIndia exhibition at
Demand for C-PVC pipes in
The expansion will bring the total pipes capacity of Finolex to 240,000 tonnes/year. The company currently runs two pipes units at Ratnagiri and Pune in
Finolex operates two PVC units at Ratnagiri with a total capacity of 260,000 tonnes/year.
Finolex also plans to double its emulsion PVC line at Ratnagiri to 22,000 tonnes/year by the end of the year, a second source said.
“Emulsion PVC demand is currently at 90,000 tonnes/year, but is growing at 8-9% per year, “the source said. The main demand segments are synthetic leather and coir tufting, he added.
Local production of emulsion grade PVC is currently at 54,000 tonnes/year.
Additional reporting by Malini Hariharan
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