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Home arrow News arrow Business News arrow Kemrock Industries to invest Rs.9,700 cr to set up manufacturing facilities
Kemrock Industries to invest Rs.9,700 cr to set up manufacturing facilities Print E-mail
Written by Vivek   
Thursday, 20 January 2011
Gandhinagar: Kemrock Industries and Exports Ltd.(KIEL) has signed an MoU with the Government to invest Rs.9,700 crore over the next three to five years to set up Greenfield projects in the state. KIEL General Manager Ketan Buch made the announcement on the sidelines of the 5th Global Summit of Vibrant Gujarat  in Ahmedabad.

According to Kalpesh Patel, Chairman and Managing Director of the company, KIEL will set up a carbon fibre plant, a glass fibre unit, another facility for speciality polymers and defence and aerospace parks.

The company has already started the process of land acquisition to set up the proposed manufacturing site in Vadodara close to its existing 250-acre manufacturing facility.

KIEL is engaged in the manufacture of fiberglass reinforced polymer (FRP) composites and resins in India. The Company's product range includes windmill blades, rail coach interiors and exteriors, cable management systems, pultruded profiles, gratings, piping systems lighting poles, access systems and thermosetting resins and carbon fiber.In May 2010, KIEL, listed on the BSE, NSE and the Luxembourg Stock Exchange, had commissioned India's first carbon fibre manufacturing facility in Vadodara.

In November 2010, KIEL signed a Memorandum of Understanding (MoU) with Bangalore based Hindustan Aeronautics Limited (HAL) to form a joint venture company to develop and manufacture aerospace grade carbon fiber pre-pregs along with its associated pre-pregs for Defense and Aerospace programmes in India, and to market and distribute the aerospace grade carbon fiber pre-pregs thus produced. Aerospace grade Carbon Fiber Pre-pregs have immense potential in aerospace and defense programmes in India as well as globally.

 
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