The chemical plant at Venkatapuram village was established in 1961 as Hindustan Polymers.[7] It manufactures polystyrene, its co-polymer products,[7] and plastic compounds for engineers.[8] In 1978, it was merged with McDowell & Co. and later, was taken over by South Korea-based LG Chem, which renamed it LG Polymers India in 1997.[7]