Chemplast Sanmar Ltd, part of the SHL Chemicals Group on Tuesday said the phase II expansion of the Custom Manufactured Chemicals division was on track for completion.
The city-based company, engaged in the manufacturing of specialty chemicals declared revenues of Rs 1,051 crore for the
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Chemplast Sanmar Ltd said that its Custom Manufactured Chemicals Division (CMCD) has signed a Letter of Intent (LOI) with an undisclosed global agrochemical innovator to manufacture
Chemplast Sanmar commences production of paste PVC resin thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Chemplast Sanmar Ltd announced its expectations to commission its Paste PVC expansion project by the fourth quarter of the current financial year. However, the company reported a consolidated net loss of Rs 89.38 crore during the October-December 2023 quarter, compared to a profit of Rs 27.14 crore in the same period last year. The MD attributed this downturn to various factors including a further correction in PVC prices due to dumping from China, slowdown in other chemicals business, and increase in key feedstock prices.