Financial Daily from THE HINDU group of publications
Thursday, Feb 12, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Plastics


Fibre reinforced plastics industry set to grow 20%

Our Bureau

Chennai , Feb. 11

THE fibre reinforced plastics (FRP) industry in India is set to grow 20 per cent this year, thanks to the increasing awareness of the material's benefits and the capacities that have come up in the recent years.

The Indian FRP industry is today Rs 1,800-crore big and users are now beginning to see FRP's benefits in comparison to other materials, experts from the industry said at a press conference here.

Orders for an effluent pipeline in Gujarat and a sewerage line in Mumbai stand testimony to the growing acceptance of FRP, which is plastic-based resins reinforced by glass or carbon fibres.

Strategic Engineering (P) Ltd, a Chennai-based company that makes FRP products has seen its turnover grow from Rs 2.5 crore last year to Rs 12 crore this year and there are orders on hand for Rs 40 crore.

Another company, Devi Polymers, that makes the `fibres plus resin' compounds expects to end the year with a Rs 30-crore turnover, Rs 6 crore more than last year, thanks to an expansion project it just completed.

In Chennai, the FRP industry intends to hold an `International Conference and Exhibition on Reinforced Plastics - ICERP 2004', which will highlight the developments in the industry worldwide to an audience of users of the material.

Experts said at the press conference that a huge range of products could be made with FRP — oil and sewer pipelines, large petroleum tanks, windmill blades, car bodies and membranes for water treatment plants.

Unlike steel, FRP does not corrode, but is as strong and yet far cheaper than steel.

In the recent years, three companies — Owens Corning, Binani and St Gobain — have put up plants that manufacture fibres for strengthening the plastic resins with.

There are a 100-odd producers of compounds and about 800 small-scale units, which use the compounds to make products.

More Stories on : Plastics

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Hindustan Paper plans to convert wastes into energy


Dumping duty imposed on Korean EPDM
Eucalyptus oil units for dumping duty on Chinese imports
Fiscal plan stress on rightsizing TN Govt — `Cutting down salary, pension expenditure critical'
TN Govt makes reduction in stamp duty
TN: Agricultural I-T for plantation sector scrapped
Industry hails TN budget
Deputationists have no legal right for absorption in foreign dept: HC
NGO moves SC on starvation at Bengal tea gardens
$220-m IBRD loan for AP
Commerce Dept `ready' to help industries with Rs 200-cr corpus
Naidu lays foundation for IMG Bharata Academy
MRPL gets nod to set up retail outlets
Plan panel stresses on national policy for pharma industry
Fibre reinforced plastics industry set to grow 20%
Nod for five power units in Kerala
`Cut in DEPB rates won't affect steel exports'
Coking coal supplies — High-level SAIL, RINL team leaves for Australia
SSI clearances, norms to be simplified in TN
Karnataka restructures excise levies on IMFL
Taking on HRD Ministry — IIMA student leads way for Class of 2004
`We don't want IIMs to be mere appendages of Govt'
Over 100 cos to participate in IIMB campus placements
Batteries set to power `living space' on wheels
Tenneco to buy more auto parts from India
CII centres in Tiruchi zone
Apparel council resents cut in DEPB rates
IPCL: Sale document to be filed this week
Bengal to set up market facilities for rural artisans
Kerala Govt thrust on development of industrial clusters in State
Intec expo from Feb 18
Meet on land administration system today
Fair to allay bird flu scare
In Hyderabad today
Kerala Govt plans consumer awareness drive
APTDC plan one-stop shop for tourism



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line