Sirmax Group Plans to Build New Production Plant in India

Specifications:

Name:

Sirmax Group Plans to Build New Production Plant in India

Location:

India

Company:

Sirmax Group

Estimated Cost:

-

Source:

https://www.sirmax.com/

Introduction:

The Sirmax Group is set to establish its 14th global production plant in India.The Padua-based company, specializing in the production of thermoplastic granules for various application sectors, already operates two plants in India located in Palwal and Valsad, in the west and north respectively.

Features:

With the upcoming construction of the third plant near Hosur, the company will extend its presence to the southern part of the country. Alongside the development of the new facility, the project to expand in Asia will also see the enhancement of the existing Palwal plant, located near India's largest automotive district.

After acquiring the land from the Indian state government of Tamil Nadu, construction of the new plant has commenced and is scheduled for completion by 2026, as outlined in a specific agreement stipulating both the timeline for completion and the obligation to initiate production within three years. Situated in the Bangalore-Hosur region, the plant is a greenfield project, constructed entirely from the ground up, and is designed to boast a production capacity of 20 thousand tons per year.