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Camlin Fine Sciences to set-up manufacturing unit in Gujarat

13 May 2015 Evaluate

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.



Peers
Company Name CMP
Godrej Industries 1107.45
SRF 2561.00
BASF India 3607.50
Pidilite Inds. 1566.10
Tata Chemicals 693.50
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