Chemical
Meghmani Finechem plans new CPVC project in Dahej
The project will be set up in existing chlor alkali and derivatives complex at Dahej for proximity to key raw material like chlorine and to leverage existing infrastructure facilities.
- By ICN Bureau
| June 18, 2020
Meghmani Finechem Ltd has announced its plan to invest in a new project for production of chlorinated poly vinyl chloride (CPVC Resin) with a capacity of 30,000 MT.
The project will be set up in existing chlor alkali and derivatives complex at Dahej for proximity to key raw material like chlorine and to leverage existing infrastructure facilities.
MFL is expected to commence the commercial production in early FY 2022-2023 and expects to add additional revenue of Rs. 300 crore with optimized level of capacity utilization.
CPVC is a key raw material to produce Pipe and fittings having excellent heat and chemical resistance properties, the demand of which is increasing rapidly in chemical processing and hot & cold water distribution. This plant will serve the growing CPVC compound Industries in India.
Since CPVC is presently imported from countires like China and Korea, the import dependency will reduce to a large extent once the proposed plant in India goes operational.
Further, the company is also about to commence the expansion project of caustic chlorine from 167000 MT to 294000 MT along with captive power plant by end of June 2020 and Hydrogen Peroxide with capacity of 60000 MT by Q2 FY20-21.
The company has also announced to set up new bio based expansion project of Epichlorohydrin with capacity of 50000 MT and plans to commence its commercial production by end of FY 2021-2022. The plant of Epichlorohydrin will be the first and largest in India.
Meghmani Finechem Limited (MFL), is a material subsidiary of Meghmani Organics Limited (MOL) in which MOL holds 57% of Equity Shares.
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