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At the announcement: SRF Group managing director Asis Bharatram (in the middle) with the Hungarian Minister for Foreign Affairs and Trade  Péter Szijjártó (on the left) and Indian ambassador Rahul Chhabra (on the right). | Attila Kovács /MTI

SRF chooses Hungarian location

D&T
June 20, 2018

SRF Limited, a chemical based multi-business Indian conglomerate, SRF is going to establish in Jászfényszaru, SE of Budapest, a benchmark plant which is going to be the most advanced site of the corporation, so far.

As a result of its investment in Hungary, the Indian chemical corporation is going to become one of the biggest BOPET and BOPP foil producers of the world. Worth EUR 60 million, the annual production performance of the new unit is expected to reach 40,000 MT, creating 100 new jobs, the Hungarian Investment Promotion Agency reports.

Established in 1970 and having an annual turnover of USD 860 million currently, SRF Limited is a chemical based multi-business Indian conglomerate interested in several sectors which is engaged in the production of industrial and special intermediate chemicals. The product range of the company includes technical textiles, fluorochemicals, specialty chemicals, packaging films as well as engineering plastics.

Employing almost 6,300 people in 15 manufacturing units in the two continents, the corporation exports its products to more than 75 countries of the world. Due to its modern research and development plants, SRF has already claimed 135 research and development and technology patents, and was awarded the prestigious Deming Prize in two divisions (tyre cord and chemicals).

The new plant announced now can serve as an example for manufacturing units producing packaging foils in the future by creating a new benchmark for automation and efficiency in the industry. The Jászfényszaru plant shall host the BOPET foil production line of a width of 10.4 m with an annual manufacturing performance of 40,000 MT.

The unit built by investing 60 million EUR is going to start manufacturing at the end of 2019. With its annual capacity increased to 220,000 MT due to the Hungarian development, SRF is going to be one of the biggest producer of BOPET (biaxially-oriented polyethylene terephthalate) and BOPP (bopp biaxially oriented polypropylene) foils.

D&T

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