Qrex Flex is setting up a manufacturing facility for PVC (Polyvinyl Chloride) flex banner sheets at Pipodara, Gujarat with a an annual capacity of 18,000 MTPA. The project is to be funded through term loan of Rs. 270 million, unsecured loans from Directors of Rs. 50 million and equity funding of Rs. 213 million. As of March 2013, the project is in the advanced stages of commissioning