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Fineotex Chemical bags specialty chemical order worth Rs 150 crore

15 Nov 2022 Evaluate

Fineotex Chemical has secured a Rs 150 crore specialty performance chemical order from a leading FMCG company. This new product business is a result of the company’s consistent high quality product development, focus on contract performance and continuing to build long term relationships with global customers. This new specialty product provides Fineotex with significant opportunities to explore partnerships in the global FMCG market for the supply of other cleaning and hygiene products. This long term order has an annual sales value of approximately Rs 150 crore and will be manufactured at our recently commissioned facility at Ambernath.

In addition to the new order, starting November 14, 2022, Fineotex has successfully expanded its capacity at Ambernath by an additional 21,000 tons. This takes the total capacity at Ambernath to 104,000 tons per year and enables Fineotex to cater not only for this new product contract but also expected future orders. This new development will enable Fineotex to target and focus on the FMCG industry and niche segments within it, to drive future growth opportunities.

Fineotex Chemical manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries.

Fineotex Chemical Share Price

23.21 0.27 (1.18%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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