Gujarat State Fertilizers & Chemicals signs License Agreement with Mitsui Chemicals Incorporation

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Capital Market
Last Updated : Jul 02 2018 | 6:50 PM IST

For setting up Methyl Metha Acrylate (MMA) plant of 64800 MTPA Capacity

Gujarat State Fertilizers & Chemicals has signed a License Agreement with Mitsui Chemicals Incorporation (MCI) for establishing a Methyl Metha Acrylate (MMA) plant of 64800 MTPA Capacity. As the first step towards this project, MCI will develop the Process Design Package which will enable GSFC to establish the plant.

It is further informed that this is a critical step forward for the Company as this will enhance its current product line of Industrial Products. Currently, the complete requirement of India for MAA is met through imports and on establishment of this plant nearly 80% of Indian Demand will be met through the domestic production which is again a step forward ahead towards 'Make in India' mission initiated by the honorable Prime Minister, Narendra Modi.

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First Published: Jul 02 2018 | 6:32 PM IST

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