India, Dec. 25 -- Rajpura in Punjab is set to host India's first manufacturing facility for Chlorinated Polyethylene (CPE), a versatile raw material used widely in plastics, rubber, and wood-plastic composites (WPC). The manufacturing of CPE will happen in the upcoming new manufacturing facility being commissioned by Shivtek Spechemi Industries Ltd which has signed an MoU with Bodal Chemicals Ltd. to acquire eight acres of land for the new unit, backed by an investment of '50 crore.

India currently does not produce CPE domestically, while being one of the leading consumers of the chemical product. Nearly 2,000 metric tonnes are imported annually, mostly from China, which dominates the global CPE industry with output running into several ...