Fineotex to invest Rs. 27 Cr in brownfield facility
Chemical

Fineotex to invest Rs. 27 Cr in brownfield facility

The plant will cater to customer demands in the existing textile specialities and fast growing home care and hygiene and drilling specialities business.

  • By Pravin Prashant | September 08, 2020

Fineotex Chemical Limited is planning to invest Rs. 27 crore to commission the first phase of the brownfield facility in Q1 FY2022.

The upcoming facility will be located on a 4 acre land at Ambernath in Maharashtra and will provide additional manufacturing capacity for existing product lines and new growth areas.

The plant will cater to customer demands in the existing textile specialities and fast growing home care and hygiene and drilling specialities business.

Located in close proximity to key port areas near Mumbai providing logistical and cost advantages, the automated unit will be fully compliant with the highest standards of sustainability.

The upcoming brownfield facility at Ambernath to be future ready for the next phase of growth. The company will also partner with International companies to establish manufacturing facilities in India.

Fineotex Group is one of the leading manufacturers of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. Fineotex manufactures and provides an entire range of products for Pretreatment Process, Dyeing Process, Printing Process and Finishing Process for the textile processing to customers across the globe. The company manufactures over 400 specialty chemicals and enzymes to Textile, Garment, Construction, Leather, Water treatment, Agrochemicals, Adhesives and other industries.

 


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