PennWhite India Pvt Ltd inaugurates manufacturing facility in India

PennWhite India Private Limited ("PWI") a company incorporated in India for speciality chemicals, a wholly owned subsidiary of PennWhite Limited, UK has today inaugurated its manufacturing facility at Oragadam, Chennai, Tamil Nadu. The facility is set up for the manufacture of foam control chemistry to serve customer requirements in India and the wider Asian markets.

The said UK entity was acquired in November 2022 by Manali Petrochemicals Limited (MPL), India's only integrated manufacturer of polyols and a part of AM International, Singapore. In February 2024 an Indian subsidiary of UK entity viz., PennWhite India Private Limited, based in Chennai, was incorporated to enhance and accelerate the business development in the Indian and broader Asian market.

Pursuant to the long-term lease agreement for land and premises at Oragadam, Tamil Nadu, executed in early 2025, PennWhite India Private Limited has successfully built and commissioned its manufacturing facility within 18 months. The plant has been established to operate in full conformity with the quality and manufacturing standards followed at PennWhite's existing facility in the United Kingdom. The facility has been awarded ISO 9001 certification, and the process of obtaining additional quality and food safety accreditations is currently underway.

The inauguration was held in the presence of Mrs. Devaki Muthiah Chardon (Chairperson, PennWhite Limited (UK), Mr. Tobias Tasche (Chief Executive Officer, PennWhite Limited (UK) and Director, PennWhite India Pvt Ltd, Mr. R Chandrasekar (Managing Director & CEO - MPL Group) and Mr. N Senthilkumar (Head of Business, PennWhite India). Mrs. Sutapa Choudhury (Deputy High Commissioner (designate), British High Commission in Chennai, was also present at the event, along with other guests and dignitaries.

Devaki Muthiah Chardon, Chairperson PennWhite Limited (UK): "Our PennWhite India plant represents far more than an expansion of our operations. It establishes a strong and strategic presence for PennWhite in Asia, enabling us to better serve our regional customers while opening the door to new partnerships and opportunities. Our goal is to not only supply products that meet a need but to build lasting relationships founded on trust, quality and mutual success."

Tobias Tasche, Chief Executive Officer of PennWhite Limited, UK and a Director of PennWhite India Private Limited, India said: "The inauguration of this facility at Oragadam is a significant step in our India strategy. Since MPL's acquisition of PennWhite in 2022, we have steadily expanded our presence - incorporating PennWhite India in 2024, acquiring a defoamer business in India last year, and now commissioning this plant. We are committed to serving Indian customers with locally manufactured products that meet the same specifications and standards our international customers have come to rely upon.

Shares of Manali Petrochemicals Limited was last trading in BSE at Rs. 53.73 as compared to the previous close of Rs. 54.34. The total number of shares traded during the day was 13716 in over 214 trades.

The stock hit an intraday high of Rs. 55.64 and intraday low of 52.91. The net turnover during the day was Rs. 745376.00.

Source : Equity Bulls

Keywords

ManaliPetrochemicals INE201A01024 PennWhiteIndia ManufacturingFacility India