By: ICN Bureau
Last updated : February 28, 2024 4:19 pm
The expansion is expected to be completed by December 2024
Considering the market demand & business growth, Kanoria Chemicals & Industries is planning to add additional production capacity of Hexamine with 18 MTPD in Ankleshwar, Gujarat on an investment of Rs. 12.70 crore.
The mode of financing will be through internal accruals and bank financing.
This new capacity at Ankleshwar will cater to growing demand in various sectors such as Phenolic Resins, Textile, Agrochemicals, Explosives, Pharmaceuticals, etc. in the region as well as the exports markets.
The expansion is expected to be completed by December 2024. This additional capacity will help the company for sustainable development and inclusive growth in line with the company's vision.