Pankaj Polymers has received its board’s approval to work out modernisation of plant and machinery by replacing the existing machinery, analyse induction of new products and expansion to new market/customers. The company's board took the decision after it reviewed the company's operations of HDPE/PP woven sacks segment/division and noted that the division is incurring losses due to fluctuation of raw material prices, stiff competition, change in technology and insolence of existing plant.
Pankaj Polymers is engaged in the business of manufacturing and marketing of polymer products. The company is based in Secunderabad, while the registered office of the company is at Andhra Pradesh.
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