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Himadri Chemical to serve East Asian market

26 Nov 2011 Evaluate

Himadri Chemicals and Industries, coal-tar pitch maker, is likely to serve key markets of East Asia with its upcoming $40-million facility in China -- Shandong Dawn Himadri Chemicals Industries. In January 2012, company plans to commission the first phase of the proposed 100,000 million tonnes facility with an estimated investment of $20 million.

In the second phase company plans an investment of another $20 million. Himadri will hold 94% stake in the Chinese subsidiary while the rest will be with the local partner, Shandong Dawn.

Himadri is the largest quality grade pitch manufacturer India. The company is a market leader in supply of coal tar pitch and other by-products and commands a 70% market share.

Himadri Speciality Share Price

493.15 4.00 (0.82%)
17-Apr-2026 16:59 View Price Chart
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