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Dishman plans to offload China plant

Monday, 13 Jan 2014
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Dishman Pharmaceuticals & Chemicals is planning to offload its China plant to pare off some debt.


The project is located at Shanghai Chemical Industry Park and had started operations in 2013. At present, the unit is making intermediates and speciality chemicals. The company will try to find a suitable buyer, and till that time it will continue to manufacture.


Simultaneously, the company is also looking forward to selling its special economic zone (SEZ), spread over 174 ha land in Gujarat, to reduce debt.


Dishman Pharmaceuticals & Chemicals currently has a gross debt of around Rs 982 crore which includes current maturity of long term loans.

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