Elkay Chemicals to Pump Rs 65 Crore for Silicone Polymers Expansion

Elkay Chemicals Pvt. Ltd. is embarking on a major expansion project at its Lote Parshuram Industrial Area facility in Ratnagiri, Maharashtra. This significant investment of ₹65 crore will enhance the company’s capacity to produce silicone polymers, a key component in various industrial applications.

The expansion will increase the plant's production capacity to an impressive 43,860 tonnes per annum (TPA) of silicone polymers. This move is set to bolster Elkay Chemicals’ position in the market by meeting the growing demand for high-quality silicone products used in diverse sectors, including automotive, electronics, and construction.

Construction and upgrades are already underway, with state-of-the-art technology and machinery being integrated into the facility. The expansion not only aims to boost production but also enhance product quality and efficiency.

This strategic investment underscores Elkay Chemicals’ commitment to advancing its manufacturing capabilities and reinforcing its market presence. The expanded facility will enable the company to better serve its clients and capture a larger share of the silicone polymer market.

Elkay Chemicals’ expansion aligns with its long-term growth strategy and is expected to deliver substantial benefits both in terms of production volume and revenue.

News by Rahul Yelligetti