Prima Plastics is a company we do not hear about very often but today, it is stealing all the limelight. This company is a direct competitor of Nilkamal, designing and making plastic moulded furnitures like chairs, dining tables, stools, etc.

The company yesterday announced after closing bell that its JV - Prima Dee-Lite Plastics sarl (Cameroon, West Africa) has successfully completed expansion project undertaken to enhance its capacity of production.

The existing capacity of the company of 4,500 tons per annum is increased to 8,500 tons per annum. But the news which brought this cheer is that it has commenced commercial production at the plant on January 03, 2017.

The company has also received 4,82,342.10 Euros or Rs.3.5 crore as Dividend from this Cameroon JV company as on 21st Dec 2016.