The Board of directors of Supreme Petrochem Ltd. in its meeting held recently has approved Phase II expansion of its Expandable Polystyrene (EPS) plant at Nagothane, Maharashtra by 30,000 MTA.
The Board has also approved setting of second line of Extruded Polystyrene Board (XPS) with capacity of 100,000 M3 and increasing the Masterbatch and Compounds capacity by 50,000 MTA.
The capital cost for these capital expenditure schemes shall be met from Company’s internal accruals.
Supreme Petrochem manufactures general-purpose polystyrene, speciality polystyrene, masterbatches, high impact polystyrene and compounds. The company exports its products to more than 100 countries around the world.