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Vikas Ecotech planning to invest in environment friendly Bio Plastics technology

18 Jan 2022 Evaluate

Vikas Ecotech is planning to invest in the environment friendly Bio Plastics (PHA) technology and in advance stage of finalising a Technology Tie-Up/Joint Venture with Aurapha Private to produce Biodegradable Plastics. Initially a pilot plant for producing Biodegradable plastics shall be set-up which will eventually, with further investments, scaled up in various well-organized phases.

In addition, in order to push the company's keen interest in developing a variety of Bio Degradable materials to replace conventional plastics for different application areas, Vikas Ecotech is actively exploring various proposals for acquisition of necessary the technology to produce PBAT (Polybutylene adipate terephthalate), specifically to manufacture environment friendly carry bags, which are presently made of conventional plastic materials and are cause of severe environmental concerns across the world.

Vikas Ecotech is a New Delhi based company engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.

Peers
Company Name CMP
Godrej Industries 1081.00
SRF 2506.40
BASF India 3505.00
Pidilite Inds. 1498.90
Tata Chemicals 644.20
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