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Plastiblends India updates on expansion plans

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Capital Market

Starts construction of new manufacturing facility

Plastiblends India announced that in view of market potential and demand, the Company has plans to substantially increase the manufacturing capacity and has identified land near Palsana, Surat to setup new manufacturing unit. The expansion will be funded mainly through internal accruals. The Company has already acquired part of the land and has started construction of manufacturing facility which will be commissioned in phased manner.

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First Published: Jun 26 2015 | 5:31 PM IST

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