Alchem Synthon plans to set up Fine Chemicals Unit Project in Maharashtra

Alchem Synthon Private Limited wants to build a new organic and fine chemicals plant in Ambernath, Thane, Maharashtra. The project is estimated to cost about Rs. 26 crores and 0.87 acres of land for organic and fine chemicals. The company wants to take advantage of India's rising need for organic and fine chemicals. Over the next few years, the market for organic and fine chemicals is projected to grow at a compound annual growth rate (CAGR) of 8%. On a 10-acre area in Ambernath, the new project will be set up. The company wants to make a wide range of organic and fine chemicals, such as APIs, intermediates, and specialty chemicals. The chemicals will be made with high-quality materials and will meet world standards. 

It should take two years to finish the job. The company is sure that the project will be good and help it grow its market share in the organic and fine chemicals segment. Alchem Synthon Private Limited is putting up a new organic and fine chemicals unit in Ambernath for a few reasons: Ambernath is a very important place for business in Maharashtra. There are a lot of pharmaceutical and chemical companies in the city, and they will be the ones who buy from the new unit. In Ambernath, the cost of land and labor is not too high. This will help the company cut its prices of making things. 

The government of Maharashtra is giving companies benefits to set up factories in the state. This will help Alchem Synthon Private Limited lower its expenses even more. Alchem Synthon Private Limited has put a lot of money into its new unit for organic and fine chemicals. Ambernath's economy should get a boost from the project and more jobs will be made. Here are some of the details of the project: Project Name: Alchem Synthon Ambernath Organic and Fine Chemicals Unit Location: Ambernath, Thane, Maharashtra Total Area: 0.87 acres Investment: 26 Crores Type of Chemicals: APIs, intermediates, and specialty chemicals Expected Completion: 2024

As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.

News by Rahul Yeligetti