Mitsubishi plant in Haldia to triple production by 2009: Abe
Saturday, 25 August 2007
KOLKATA Aug 24 (PTI): Mitsubishi Chemical Corporation's subsidiary will triple production of a key component used in making polyester and PET bottles at its Haldia plant by 2009, Japanese Prime Minister Shinjo Abe said yesterday.
"I understand that the Mitsubishi Chemical Corp-oration plant (in Haldia) will triple its production by 2009," Abe said after inaugurating the Rabindra-Okakura Bhavan, an Indo-Japan cultural centre in Salt Lake City.
Company sources earlier said MCC PTA India Corporation Pvt. Limited planned to set up its second 8,00,000-tonne purified terephthalic acid (PTA) plant in Haldia at a cost of Rs.16.65 billion. This would be completed by 2008.
The sources said the company wanted to make the unit the world's largest in a single line capable of producing the best quality PTA.
MCC PTA's first plant with an annual production capacity of 4,70,000 tonnes was set up in Haldia in 2000.
Abe also said the Indian Institute of Management-Calcutta would start a course with Japanese collaboration.
Noting that Japan looked at West Bengal as the "Gateway to India", Abe said his country expected the state to play a pivotal role in strengthening bilateral relations.
"I understand that the Mitsubishi Chemical Corp-oration plant (in Haldia) will triple its production by 2009," Abe said after inaugurating the Rabindra-Okakura Bhavan, an Indo-Japan cultural centre in Salt Lake City.
Company sources earlier said MCC PTA India Corporation Pvt. Limited planned to set up its second 8,00,000-tonne purified terephthalic acid (PTA) plant in Haldia at a cost of Rs.16.65 billion. This would be completed by 2008.
The sources said the company wanted to make the unit the world's largest in a single line capable of producing the best quality PTA.
MCC PTA's first plant with an annual production capacity of 4,70,000 tonnes was set up in Haldia in 2000.
Abe also said the Indian Institute of Management-Calcutta would start a course with Japanese collaboration.
Noting that Japan looked at West Bengal as the "Gateway to India", Abe said his country expected the state to play a pivotal role in strengthening bilateral relations.