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

The company has also files a patent application for masterbatch to produce speciality polyester yarn

premium

Polyester film

Rakesh Rao Mumbai

Last Updated : Jan 16 2017 | 3:09 PM IST

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 in Gurgaon, it has a manufacturing facility at Khatima (Uttarakhand). It has manufacturing capacity of 57,000 metric toone per annum (MTPA) for polyester films and 13,200 MTPA for metalised polyester films. Besides, it has polyethylene terephthalate (polyester) chips manufacturing capacity of 70,000 MTPA. Polyester films find applications primarily in flexible packaging.

Ester Industries markets its engineering plastics under the brand name Estoplast and production capacity of 16,500 MTPA.