Plastiblends India Ltd, a part of Kolsite Group of Companies, has begun commercial production at its new materbatches production plant in Palsana, Surat (Gujarat). In order to meet the growing demand for masterbatches, the company in June 2015 announced plan to expand its manufacturing capacity in the country by setting up a production plant in Surat.
 
“The company have successfully commenced commercial production in the new manufacturing unit at Palsana, Surat (Gujarat) with effective from March 25, 2016,” said Plastiblends in a BSE filing on March 28, 2016.
 
Plastiblends, one of the leading manufacturers of colour & additive masterbatches and thermoplastic compounds for the plastic processing industry in India, has been augmenting the manufacturing capacity to meet the demand of masterbatches, a key ingredient used for making plastic products.

Early this month, the company announced its plans to build a plant in West Bengal to tap the Eastern region.

Source : business-standard.com