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Meghmani Finechem to set up chlorinated polyvinyl chloride project

Thursday, 18 Jun 2020
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Meghmani Finechem (MFL), a flagship company of Meghmani Group, has taken another step to invest for new project of forward integration.

The company will set up a chlorinated polyvinyl chloride (CPVC) resin project with a capacity of 30,000 tonne in the existing chlor alkali and derivatives complex at Dahej in Gujarat for proximity to key raw material like chlorine and to leverage the existing infrastructure facilities.

MFL is expected to commence the commercial production in early FY22-23 and expects to add additional revenue of Rs 300 crore with optimised level of capacity utilisation.

The company has commenced caustic potash with a capacity of 21,000 tonne in FY17, and chloromethane with a capacity of 50,000 tonne in FY20.

Further, the company is about to commence the expansion project of caustic chlorine from 1,67,000 tonne to 2,94,000 tonne along with captive power plant by the end of June 2020 and hydrogen peroxide with a capacity of 60,000 tonne by Q2/FY21.

The company has also announced to set up a new bio-based expansion project of epichlorohydrin with a capacity of 50,000 tonne and likely to commence its commercial production by the end of FY22. The plant of epichlorohydrin will be the first and largest in India.

 

 
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