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Thirumalai Chemicals to set up subsidiary in US

26 Jul 2019 Evaluate

Thirumalai Chemicals has received an approval to set up a subsidiary to establish and operate a Food Ingredients Manufacturing facility (including Malic and Fumaric Acid) in the US, with a capacity of about 30,000 metric tons per year, to address the growing demand in the global market, including North America. The Board of the company at its meeting held on July 25, 2019, approved the same.

Thirumalai Chemicals manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.

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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