Anupam Rasayan will set up three new factories in Surat, Bharuch, agreement with Gujarat government
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The company aims to commission these plants before 2025. “This investment is in line with our strategic move to expand our operations and strengthen our manufacturing capabilities,” the company’s Managing Director Anand Desai said in the statement.
Chemicals company Anupam Rasayan India Ltd on Wednesday signed an MoU with the Gujarat government to set up three new factories in Surat and Bharuch with an investment of Rs 670 crore. The company aims to commission these plants before 2025. “This investment is in line with our strategic move to expand our operations and strengthen our manufacturing capabilities,” the company’s Managing Director Anand Desai said in the statement.
A major portion of these plants will focus on manufacturing fluorochemicals. It will meet the demands of existing and potential customers serving the needs of the agrochemical, polymer and pharmaceutical sectors in Japan, Europe and the US. Desai said the new units will strengthen the company’s growth prospects and enable it to diversify its product offering. The company has six manufacturing facilities in Gujarat. Of these, four are located in Surat, while one is in Bharuch district. They have a total installed capacity of about 27,200 tonnes by December 31, 2022.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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