Vikas Lifecare has acquired a new land piece measuring about 1800 Sq. Mtr. adjoining to the existing factories located at RIICO Industrial Area, Shahjahanpur, Rajasthan, for the purpose of capacity expansion and augmentation of manufacturing operations for company’s conventional business of Polymer & Rubber Compounds.
The total cost of acquisition and development of the land and the building there on will be about Rs 3 crore, whereas the equipment for the expansion of production capacity will cost another Rs 23 crore. The new expansion will be ready to be utilized within the next 3 to 4 Months and is expected to add an additional Rs 60 crore to the gross revenues from the compounding business segment.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
