Ester Industries plans to spend Rs 50 cr for new R&D centre in Gurgaon

Ester Industries Ltd, the manufacturer of polyester films & engineering plastic compounds, will set up a research & development (R&D) centre in Gurgaon with an investment of Rs 50 crores. “The company is also planning to set up R&D and Innovation centre at Gurgaon at an approximate cost of Rs 50 crores,” said Ester Industries in a BSE filing today.

The company also informed that it has filed another patent application under PCT (Patent Cooperation Treaty) for masterbatch to produce speciality polyester yarn. Till now, Ester Industries has filed patents for 9 products in speciality polymer business.

While the company is headquartered