Expansion at Finolex

Finolex Industries Ltd., which makes pipes and PVC resin, has plans to simultaneously expand capacities and look for higher return on capital from existing investments.

Finolex Industries proposes to increase PVC resin capacity by another 150,000 tonnes per annum at its existing plant at Ratnagiri, taking its present capacity of 130,000 tpa to 280,000 tpa, with an incremental investment of Rs 350 crore.

Finolex is among the few organisations in the country to have its own cryogenic jetty off the western coast of the country at Ratnagiri, close to its PVC plant. The jetty serves as a dedicated entry point for import of its raw material, ethylene gas and EDC (ethylene dichloride). The company has also created LPG terminals, which it has leased out to Bharat Shell.

The company has now planned to create and lease out additional terminals for bitumen and kerosene, with capacities of 1,200 tonnes per month.