National Plastic Technologies has received Letter of Comfort from Hero Moto Corp for manufacture and supply of plastic body parts painted & unpainted. The initial estimated order value is up to Rs 52.50 crore per annum.
As a part of the agreement, the company will be setting up a manufacturing unit near Sri City/Tirupathi, Andhra Pradesh, for supply of the plastic body parts within the next 6 to 8 months. However, during the interim period, the company will strive to supply from its existing manufacturing locations.
National Plastic Technologies is engaged in the manufacturing of plastic moulded furniture and engineering components for original equipment manufacturers (OEMs). The company’s product range includes components for the automotive, white goods, consumer durables and IT peripherals sectors.
