Aether Industries has commercialized its Manufacturing Site 3 at GIDC Industrial Estate, Sachin, Surat, Gujarat, India. The total CAPEX planned for the site is around Rs 190 crore, of which Rs 163 crore has been raised from the IPO that the company concluded in June 2022 and remaining Rs 27 crore funded from internal accruals.
The trial runs have been started off and the commercial production of the plant will start within next ten days from January 16, 2023. The Manufacturing Site 3 will add capacities to the north of 3500 MT per annum for production of its five new specialty chemicals / intermediates for the Pharma Sector, which will be launched.
Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
