Punjab Chemicals and Crop Protection Ltd., a leading Indian manufacturer and global supplier of agrochemicals and specialty chemicals, has announced signing of 3 exclusive MoUs with overseas customers for high value agrochemical products and intermediates. The company plans to commercialise these products over next 12-18 months.

Punjab Chemicals has planned strategic investment of approx. Rs. 60 crore at its existing site to build two new manufacturing blocks. This expansion aims to cater to increased demand of existing products, new product pipeline and commercialize new products catering to the Japanese and European markets. Company already has environmental approval in place for this expansion.

This strategic initiative will unfold over the next two years and is expected to significantly bolster the company’s top line. Punjab Chemicals envisions sales from this segment scaling up to approximately Rs. 120 - 150 crore over the next two to three years.

In addition to this development, the company is actively scouting for a new site to support its growing operations and product pipeline. A formal announcement regarding the new site will be notified in the due course of time.

Commenting on the development, Shalil Shroff, Management Director, said: “We are happy to see success of our product development, R&D and market access efforts. Our commitment to quality, IP and delivery is attracting lot of new customers and I believe this is just beginning of new exciting phase in our journey towards growth and excellence.”