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Kanoria Chemicals completes expansion of Formaldehyde production capacity in Gujarat

02 Sep 2024 Evaluate

Kanoria Chemicals & Industries has successfully completed the expansion of its Formaldehyde production capacity at Ankleshwar, Gujarat. The commercial production of the additional capacity of 345 Metric Tons per day (MTPD), will start on September 6, 2024. This new capacity will enable the company to cater to the increasing demand across various sectors, including automotive, building & construction, agriculture, cosmetics, and chemicals, both domestically and in export markets.

Further, the company has also successfully added an additional production capacity of 18 MTPD to its existing Hexamine plant located at Ankleshwar, Gujarat. This expanded capacity at Ankleshwar will cater to the increasing demand across various sectors such as Phenolic Resins, Textiles, Agrochemicals, Explosives, Pharmaceuticals, etc., both in the domestic market and for exports. This expansion has been completed at an approximate cost of Rs 1,270 lakh and commercial production will start on September 06, 2024.

Kanoria Chemicals & Industries (KCI) is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles.

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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