Ester Filmtech to set up Rs 1350 crore packaging film plant at Telangana, India

The new project to generate 800 jobs

August 18, 2020

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Ester Filmtech, a wholly-owned subsidiary of Ester Industries, has unveiled its plan to set up an advanced polyester film manufacturing plant in the State of Telangana. The total investment of the entire project, according to the company, is approximately Rs 1350 crore (approximately US$ 180 million) in three phases.

The company will invest Rs 500 crore (US$ 67 million) to implement the first phase of the new polyester film manufacturing plant. Ester Filmtech intends to complete the first phase of the project by the third quarter of the calendar year 2022.

Direct employment for 800 people

In addition, the company also states that this project will create direct employment potential for about 800 people, like those who have availed services such as Family sponsorship application Canada. The end products of the proposed unit will find its applications in the packaging material and contribute to strengthening the value chain of the flexible packaging industry. The company proposes to export 30 to 40% of its production, which will help to establish Telangana’s footprint on the global flexible packaging map.

Arvind Singhania, chairman, Ester Filmtech, states, “Ester Filmtech has chosen Telangana state due to industry friendly policies and growth-oriented approach of the visionary chief minister K Chandra Sekhar Rao and minister K T Rama Rao. As compared to other states, Telangana is far ahead in respect of investment friendly climate, ease of doing business, industry friendly policies like TSI-pass, and T-IDEA.”

Ester Industries is one of India’s leading producers of polyester films, engineering plastics, and specialty polymers. The company has state of the art manufacturing facilities in Khatima in Uttarakhand with the capacity of 67,000 TPA of polyester resin, 57,000 TPA of polyester film, 30,000 TPA of specialty polymers and 16,500 TPA of engineering plastics. It currently exports about 30% of its production of polyester films with sales and distribution networks in more than 56 countries globally, resulting in strong customer relationships. It produces specialty polymers primarily for the US and other overseas markets.

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