Ester Industries to invest Rs 50 cr in R&D

Hyderabad: Ester Industries Limited, India’s leading manufacturer of polyester films, engineering plastics and specialty polymers, has announced that it plans to invest Rs 50 crores in a world class R & D and Innovation complex at Gurgaon. This centre proposes to house 40 scientists/ engineers who will be responsible for researching and developing breakthrough innovations.

Speaking on the development, Arvind Singhania, Chairman, Ester Industries, said, “The optimism for our specialty polymer business is driven by a strong confidence in our technology and R&D capabilities. Our team has already developed some exciting products that we believe have tremendous potential in various applications. The setting up of this R&D Centre will enable us further enhance and expand our capabilities to innovate with further breakthrough products.” -NSS

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