Chemplast Sanmar's board has approved a further investment of about Rs 160 crore towards capacity expansion of its custom manufactured chemicals division at Berigai, Krishnagiri district of Tamil Nadu.
The speciality chemicals company expects to commission the Phase-II of the multi-purpose production block expansion project in Q2/FY25.
The company is a leader in speciality paste PVC in India, and through its wholly-owned subsidiary, it is the second largest producer of suspension PVC in India.