Chemical
Camlin Fine Sciences restart operations at diphenol plant
The successful completion of de‐bottlenecking of the diphenol plant has led to an increase in the capacity from the current 10,000 MT to 15,000 MT
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By ICN Bureau | May 15, 2022
Camlin Fine Sciences (CFS) has completed the annual maintenance exercise and re‐started the commencement of the diphenol plant situated at Bharuch, Gujarat from May 11, 2022.
The successful completion of de‐bottlenecking of the diphenol plant has eventually led to an increase in the capacity from the current 10,000 MT to 15,000 MT.
This enhancement in the capacity has been financed through the internal accruals amounting to Rs. 15 crore. The diphenol plant has been running at 100% capacity since September 2021 till the shutdown on April 10, 2022.
The company recently announced that the Russia - Ukraine crisis has had an adverse impact on all its costs especially raw materials, logistics and power and fuel. Group's material subsidiary CFS Europe SpA which manufactures diphenols in Italy has been severally impacted due to phenomenal increase in power costs, owing to this crisis.
The company has been able to transfer some of the inflationary increase in the costs to its customers by increasing the sale prices but to a certain extent.
Further, the company expects to have an impact on the consolidated results for the quarter and financial year ended 31 March 2022.
