Rossari Biotech announces full commissioning of its Greenfield manufacturing facility at Dahej, Gujarat

Rossari Biotech Limited (Rossari), a Speciality-Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries, today announced that it has fully operationalised all phases of its Greenfield manufacturing facility at Dahej, Gujarat successfully. The facility will be further augmented by R&D, automation, administration, and other corporate facilities in the coming quarters.

This facility is a state-of-the-art automated unit, bringing higher cost-efficiencies and economies of scale. The plant enjoys proximity to various ports such as the Hazira port, the upcoming deep-water and multi-cargo port of Dahej and another one coming up at Mundra. This will help provide a solid cost and logistical advantage to the Company. The Greenfield facility will have a total installed capacity 132,500 MTPA, enhancing the total capacity of Rossari by 2.1x to 252,500 MTPA. A strong upcoming pipeline of new product launches and new business lines within the four core chemistries should enable the Company to sustainably ramp-up utilization levels at the Dahej unit over the next 3-4 years.

Commenting on the business update, in a joint statement, Mr. Edward Menezes, Promoter & Executive Chairman, and Mr. Sunil Chari, Promoter & Managing Director, said "We are pleased to share that we have fully operationalised our Greenfield manufacturing facility at Dahej. This is our second manufacturing plant, which is equipped with flexible and interchangeable capacities for our three business lines of HPPC, TSC and AHN. The facility is a state-of-the-art automated unit, thus bringing in notable cost-saving advantages and better efficiencies.

It is further encouraging that despite facing disruptions owing to Covid-19, our teams were able to make continued progress in launching the facility on schedule. In all, this is a significant milestone for our Company, which will provide strong impetus to our overall future growth plans."

Source : Equity Bulls

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