Camlin Fine Sciences to set-up manufacturing unit in Gujarat

DATE : 2015-05-13

Camlin Fine Sciences has received an approval for acquisition of land admeasuring 64,407.91 square meters and setting up a manufacturing facility for Hydroquinone/ Catechol and its down steam products Guaiacol and Vanillin at Dahej SEZ, Bharuch District in state of Gujarat. The board of directors at their meeting held on May 12, 2015 has approved for the same.The board also approved setting up a wholly owned subsidiary (WOS) Company in Mexico for undertaking trading and distribution of Antioxidants, food ingredients, Blends, Formulations, feeds, performance chemicals etc in Central American markets.Further, the company will be setting up a WOS Company in China for undertaking trading and distribution of Antioxidants, food ingredients, Blends, Formulations, feeds, performance chemicals etc in Chinese markets.Camlin Fine Chemicals is the world's second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.

Camlin Fine Sciences plans to set up new manufacturing facility at Dahej in Gujarat with an investment of Rs 193 crore. The plant will have annual capacity to produce 9,000 tonne of Hydroquinoneand 6,000 tonne of Vanillin. The company envisages that the new plant will help the company become a major supplier of Diphenol and Catecholand Vanillin as well as its derivative and down-stream products. The land has been acquired by the company at an investment of Rs eight crore and it has applied for environment clearances. The basic engineering work has started and the plant would be commissioned by September 2017.

SOURCE : Panafrican News Agency