Chemplast Sanmar Unveils Rs 1,007 Crore Growth Formula for Tamil Nadu

Chemplast Sanmar is set to embark on a significant expansion initiative, earmarking an investment of Rs 1,007 crore over the next four years to augment production capacities across its facilities in Tamil Nadu. The focal points of this strategic investment include the Custom Manufactured Chemicals Division (CMCD) in Berigai and the Specialty Paste PVC resin manufacturing unit in Cuddalore.

The expansion plan not only signifies a substantial financial commitment but also aims to generate employment opportunities for approximately 600 individuals. This forward-looking move aligns with Chemplast Sanmar's commitment to enhancing its manufacturing capabilities and increasing production volumes.

In collaboration with the state government, the flagship firm of the Sanmar Group has formalized a memorandum of understanding (MoU) outlining a comprehensive long-term investment strategy. This partnership is anticipated to bolster the company's overall manufacturing prowess.

Notably, the recently inaugurated Phase-1 of the Berigai block represents an initial investment of Rs 300 crore. This facility has commenced the production of advanced intermediates catering to global agrochemical, pharmaceutical, and fine chemical innovators.

The Custom Manufactured Chemicals Division (CMCD) at Berigai plays a pivotal role in manufacturing advanced intermediates for global applications in agrochemicals, pharmaceuticals, and fine chemicals. Additionally, CMCD actively markets and sells distinctive chemistry and process capabilities, contributing to its position as a key player in the specialty chemicals industry.

News by Rahul Yelligetti