Fineotex Chemical is in the process of acquiring a plant premise located at Additional Ambarnath (near Mumbai) admeasuring approximately 4 acres. The MOU procedure has been completed and the transfer process is on. The company expects to commission the first phase of the in Q1 FY2022. The proposed deployment would be approx Rs 2700 lakh for this project. This facility will primarily cater to customer demands in the existing Textile Specialities business as well as customer demands in the new businesses such as Home Care, Cleaning, Hygiene and Drilling Speciality Chemicals.
Fineotex Chemical manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries.
