Chemcon Speciality Chemicals Ltd Commences Commercial Production of P9 Unit at Manjusar, Gujarat

Chemcon Speciality Chemicals Ltd has successfully commenced commercial production at P9 facility at Manjusar, Near Vadodara, Gujarat. The company has added a capacity of 2,400 MTPA of Bromo Benzene at the P9 facility. The company is further evaluating to add a pharma chemical, Guanine, at the same unit.

The company has commissioned nearly 2.1 MW solar power plant at Dabhoi, Vadodara with an investment of ~Rs 10 crores. This solar power plant will be used for captive consumption which will reduce dependency on non-renewable energy.

Commenting on the product addition, Mr. Kamal Aggarwal, Chairman & MD said, "This is a significant achievement for the company as we have added a new product which will cater to the Agro-Chemical market across the globe. We already have a reasonable presence in Inorganic bromides through calcium Bromides, Zinc Bromides and Sodium Bromides. With the expansion of Bromo Benzene, we will be adding Organic Bromides in our product basket.

Product innovation has been the cornerstone for the growth of our company and we are evaluating further options to add new product Guanine at the same P9 unit. We are awaiting the necessary approvals from local authority and will intimate the same once we get final approvals.

With our new capacity expansion, we are well positioned to capitalize on future opportunities. We are excited about reaching out to new clients and providing valueadd to them. We have always emphasized import substitution as a strategy and will continue to do so."

Source : Equity Bulls

Keywords

ChemconSpecialityChemicals CommercialProduction P9Facility Manjusar Vadodara Gujarat BromoBenzene