By: ICN Bureau
Last updated : December 24, 2021 8:28 am
The shifting of specialty chemical business to a single location will help the company achieve better utilization
AMI Organics Limited has informed that as part of the capacity and production rationalization exercise, the company will transfer the current production operations of speciality chemical business at Ankleshwar facility which was acquired from Gujarat Organics Limited to one single location at Jhagadia facility.
The shifting of specialty chemical business to a single location will help the company achieve better utilization of the plant and improve operational efficiency. There shall be no revenue loss and employee layoffs because of transfer of production operation from Ankleshwar to Jhagadia.
Meanwhile, all the current production operations at the company's Surat - Sachin unit and Jhagadia unit are running normal business as usual.
The company intends to restructure the Ankleshwar production facility and utilize the same for the expansion of pharma intermediate business to support future growth requirements.
The planning, design, and engineering for proposed Capex at Ankleshwar unit is under progress. The company has also received environment clearance for the proposed restructure of Ankleshwar unit.