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Manali Petrochemicals enters into an agreement to set up storage, handling facility

21 Dec 2011 Evaluate

Manali Petrochemicals has entered into an agreement to set up storage and handling facility at Ennore Port, Chennai for bulk import of propylene oxide, a major input for the derivative plants of the company.

The aforesaid facility is expected to be ready in about a year. It will help the company to achieve and sustain capacity utilization of the derivative plants at optimum levels.

Manali Petrochemicals is a leader in the production and marketing of propylene glycol and polyols in India. It operates two grass route production facilities at Manali near Chennai to manufacturer Propylene oxide (PO), Propylele Glycol (PG) and polyol.

Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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