Kanoria Chemicals & Industries has successfully completed the expansion of its formaldehyde production capacity at Ankleshwar, Gujarat at an investment of Rs. 56.06 crore.

The commercial production of the additional capacity of 345 metric tons per day (MTPD), will start on September 6, 2024. The new formaldehyde plant is based on latest Metal Oxide based technology. This new capacity with superior technology will cater to growing demand in various sectors, including automotive, building & construction, agriculture, cosmetics, and chemicals, both domestically and in export markets. It will also help the company for sustainable development and inclusive growth in line with the company's vision.

Currently, Kanoria Chemicals produces 1,063 TPD formaldehyde across its three sites in Ankleshwar, Vizag and Naidupeta.  

Further, the company has also successfully added an additional production capacity of 18 MTPD to its existing hexamine plant located at Ankleshwar, Gujarat. This expanded capacity at Ankleshwar will cater to the increasing demand across various sectors such as Phenolic Resins, Textiles, Agrochemicals, Explosives, Pharmaceuticals, etc., both in the domestic market and for exports. This expansion has been completed at an approximate cost of Rs 12.70 crore and commercial production will start on September 06, 2024.