Punjab Chemicals and Crop Protection has signed three exclusive Memorandum of Understandings (MOUs) with overseas customers for high value agrochemical products & Intermediates. The company plans to commercialise these products over next 12-18 months.
The company has planned strategic investment of around Rs 60 crore at its existing site to build two new manufacturing blocks. This expansion aims to cater to increased demand of existing products, new product pipeline and commercialize new products catering to the Japanese and European markets. The company already has environmental approval in place for this expansion.
This strategic initiative will unfold over the next two years and is expected to significantly bolster the company’s top line. Punjab Chemicals envisions sales from this segment scaling up to around Rs 120 - Rs 150 crore over the next two to three years. In addition to this development, the company is actively scouting for a new site to support its growing operations and product pipeline.
Punjab Chemicals & Crop Protection (PCCPL) operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading. The company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.
