Thursday August 23, 6:25 PM
Mitsubishi Chem's India unit to triple PTA capacity
KOLKATA, India, Aug 23 (Reuters) - The Indian unit of
Japan's Mitsubishi Chemical Corp aims to nearly triple its
capacity for purified terephthalic acid (PTA), a raw material
for polyester, by July 2008, a senior company official said on
Thursday.
The firm is spending 17 billion rupees ($415 million) to
add a second line to produce 800,000 tonnes per annum of PTA at
its plant in Haldia in the eastern state of West Bengal, D P
Patra, joint managing director at MCC PTA India Corp Pvt Ltd,
said. Its current plant has a capacity of 470,000 tonnes of
PTA.
Patra said turnover would rise to 50 billion rupees when
the expanded capacity becomes operational, from 20 billion
rupees currently.
Mitsubishi Chemical Corp is a unit of Mitsubishi Chemical
Holdings Corp .
($1 = 41 rupees)
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