Prima Plastics provides update on its JV in Camerron, West Africa
Intimates of completion of expansion project of JV and receipt of dividend
Prima Plastics announced about the following :1. Prima Dee-Lite Plastics sarl at (Camerron, West Africa) has successfully completed expansion project undertaken to enhance its capacity of production. The existing capacity of the Company of 4500 tons per annum is increased to 8500 tons per annum. The commercial production at the plant has commenced on 03 January 2017.
2. The Company has received Euro 4,82,342.10/- (Rs 3.51 crore) as Dividend from the Joint Venture company - Prima Dee Lite Plastics sarl (Cameroon, West Africa) on 21 December 2016.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content