Finolex Industries Ltd has informed BSE that the Company has commenced commercial production of PVC pipes at its state of the art PVC pipes manufacturing plant at Masar, near Vadodara, in the state of Gujarat. Finolex Industries had entered into a MOU with Government of Gujarat during Vibrant Gujarat 2011 Summit for setting up of PVC pipes manufacturing plant at Masar. The plant is set up on an area of around 29 acres and the same will go into production in two phases.With commissioning of the first phase at Maser, Finolex Industries has increased its aggregate production capacity of PVC Pipes by about 30,000 MT per annum. In the second phase, Finolex Industries will take up its capacity at Masar plant to 50,000 MT per annum during FY 2013-14. The aggregate production capacity for PVC pipes for Finolex Industries has gone up to over 200,000 MT per annum.Source : BSE
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