Mahalaxmi Rubtech has received an approval to setup a new project of Coated Fabric, as a part of its expansion and diversification process under its existing Technical Textile Segment situated at Sanand, Ahmedabad. The project is subject to all legal and other formalities. The board of directors at its meeting held on March 3, 2018 has approved for the same.
The investment for the project would be estimated approximately amounting of Rs 25 crore. The means of financing would be managed from internal accruals, equity and debt. The commercial production of the project is expected by the end of November 2,018. The manufacturing facility is designed with most advanced technology in terms of better productivity and quality.
Mahalaxmi Rubtech is a manufacturer-exporter of rubber textile printing blankets and coated fabrics. The product range of the company includes Textile Printing Blankets, Air Cells, Hydraulic Seats and Rubber Coated Iron Fabrics. The company is also engaged in the business of Rubber Products, Textile Products.
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