Unitech International bags order for plastic media blast from US

Unitech International Ltd has bagged its first contract manufacturing order for plastic media blast to be exported to the US from its soon to be commissioned monomer unit at Acchad (Maharashtra). As per the contract, Unitech will deliver 3000 metric tonne of polymethyl methacrylate (PMMA) monomer at $ 2225 per metric tonne (C&F USA Port) in 12 equal instalment in a year commencing from September 2015 to September 2016.
 
The yearly export contract, which will be used in the aeronautical and defence industry in the US, is expected to help Unitech to tie up with similar industries worldwide.
 
Unitech International is setting up a plant to manufacture PMMA monomer in Acchad, which is expected to start commercial production by August 2015.
 
“This is in line with company's ongoing transformation from a trading company to a manufacturing company in order to boost margins and for overall business diversification,” said the company in a BSE filing.