Deep Polymers to set up a new state-of-art unit at Gandhinagar in Gujarat

Deep Polymers, the manufacturer of Antifab Filler Masterbatch has planned to diversify and add to its existing products to achieve higher growțh and margins. The company has decided to diversify and expand its operations by setting up a new state of art unit at Gandhinagar, Gujarat. The new manufacturing unit will manufacture the following two products that will be added to its existing range of speciality chemicals: 

• Speciality Black Masterbatch is used in different types of PET fibre like POY, FDY, Stable fibre, manmade fibre etc. Masterbatch contains Polybutylene terephthalate (PET), Polyethylene Terephthalate (PET) and carbon black. 
• Speciality Colour Masterbatch used for PES filament yarn, stable fibre, trilobal, semi dull fibre etc. The Masterbatch contains Polypropylene Terephthalate, dyes, pigment and wax. The company also plans to produce Polypropylene based Masterbatch for non-woven fabric applications. 

Deep Polymers has been continuously striving to diversify. As per the company’s projected expansion strategy, a new range of products will be introduced which require new equipment. For the same purpose, the company has shortlisted M/s. Coperion GmbH, Theodorstrasse, Stuttgart, Germany as machinery suppliers. The orders have been already placed and advances for the same have been paid. M/s. Coperion GmbH is the leader in extruders and compounding machines. The company is going to purchase machinery for the total cost is 951,000 euro. 

The company envisages good growth and diversification in the first year of operation from this new unit. The project is likely to get commissioned in the next 6 to 8 months. The new unit will be fueling the growth to achieve the long-term plans set by the management enabling the company to continue to provide high-quality products and offer a wide range of products. The company expects to grow its presence in the overseas market for its products and the new plant will increase its market share. 

Shares of Deep Polymers gained 1.98 per cent during market hours on Friday, December 24, 2021, to close at Rs 583.30 per share on the bourses.