October 07, 2021: Runaya, one of India’s fastest growing manufacturing start-ups, today announced that its state of art plant for the manufacturing of FRP (Fiber Reinforced Plastic) rods at Silvassa has started commercial production. The plant has a capacity to produce of 1 million kilometer of FRP rods per year building an Atmanirbhar Bharat as significant portion of the demand is currently met through imports. Apart from meeting the domestic demand, Runaya will also cater to major Global OEMs (Original Equipment Manufacturers) and produce locally for the global market.
Runaya is targeting a revenue of INR 100 crores for the FRP plant at the current full capacity and plans to double the capacity of the plant in the next year. Runaya has a commitment to Innovation and has set up an Innovation Centre at the plant to explore new products and applications that can benefit its customers. This expansion will largely cater to value added technological products such as ARP (Aramid Reinforced Plastic) Rods, Flat FRP Rods and Rough FRP Rods.
Through the current facility, Runaya has been able to create significant direct employment as well as indirect employment in related industries. There is also strong commitment to building a diverse and inclusive workforce with over 65% of the workforce being women.
FRP Rods are an integral component of the telecommunications industry used to provide structural strength and protection to Optical Fiber Cables (OFC). The requirement and demand for FRP rods is expected to increase significantly with the advent of 5G technology and its penetration and expansion in India. In line with global standards, Runaya has been able to secure the relevant product and system certifications for the plant within a short span of time.
Speaking on the commissioning of the plant, Naivedya Agarwal, Co-Founder, Runaya said, “At Runaya, we want to be at the forefront of manufacturing premium products through highly innovative processes and advanced technologies and the FRP rods are another step in that direction. The 5G technology rollout will accelerate the demand for Fiber Optic Cables and we expect a huge market and demand for our product. We also see immense potential in the alternative use of FRP in other sectors like energy, automotive and construction, replacing conventional materials.”
