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Jushi FRP plans Rs 600 cr glass fibre unit in Gujarat

Post Time:Sep 04,2008Classify:Company NewsView:455

Jushi (India) FRP Accessories Pvt Ltd, a joint venture company between Chinese player Jushi group and FRP Accessories India is planning to pump in Rs 600 crore for setting up a greenfield glass fibre unit at Jhagadia.

The company officials visited the site few months ago and have zeroed in about 50 acres of Gujarat Industrial Development Corporation (GIDC) land in Jhagadia which the state governement is in the process of alloting, according to sources in state government.

China-based Jushi Group specializes in manufacturing of fiberglass products and fabrics, with over 200 types and varieties. The company is a leading producer of fiberglass reinforcements in China.

The Indian JV partner FRP Accessories is one of the largest dealers of fibreglass reinforcement products and has its operations spread across the country.

Jhagadia which is fast emerging as a favourable industrial destination has seen a lot of movement lately.

Ashland India Private Ltd, the Indian arm of US based Fortune 500 company- Ashland Inc has been alloted about 25 acres of land in Jhagadia Industrial Estate, sources said. The company plans to invest Rs 200 crore for setting up a resin manufacturing unit.

Ceat Ltd is also in the process of setting up a radial tyres manufacturing unit in Jhagadia GIDC for an estimated investment of Rs 500 crore. The company has earmarked about 100 acres for the unit, according to government sources.

Also US-based Kohler, a global heavyweight in kitchen and bathroom products is setting up a ceramic unit in Jhagadia for an estimated investment of Rs 900 crore in a phased manner.

Source: Author: shangyi

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