 "Camex to set up plastic chemicals plant at Ankleshwar")
Camex Ltd, one of the leading players in dye manufacturing sector in India, plans to set up a new plastic chemicals plant at Ankleshwar, Gujarat. The new plant, to be built with an investment of Rs 10 crore, will have initial manufacturing capacity of 5000 metric tonne (MT) per annum. Camex expects the first phase to be operational from March 2016.
"This expansion will take advantage of the synergies of its existing skills in chemical manufacturing, distributing and marketing and contribute positively to the company's future earnings. In long term, the company hopes to become one of the leading players in textiles and plastics chemicals," said Camex in a press release.
ALSO READ: Camex ties up with China's Tianjin Yadong for dyes business
As a part of its growth strategy, Camex Ltd entered into an agreement with Chinese firm Tianjin Yadong Longxin International Ltd last month to market dye intermediates in India.
Camex Ltd is engaged in production of reactive dyes, acid dyes, direct dyes and textile auxiliaries with its manufacturing facility located at Ankleshwar (Gujarat), the hub of dye industries. In addition, it also imports varied chemicals for different industries such as plastics, paint, rubber and paper.
"This expansion will take advantage of the synergies of its existing skills in chemical manufacturing, distributing and marketing and contribute positively to the company's future earnings. In long term, the company hopes to become one of the leading players in textiles and plastics chemicals," said Camex in a press release.
ALSO READ: Camex ties up with China's Tianjin Yadong for dyes business
As a part of its growth strategy, Camex Ltd entered into an agreement with Chinese firm Tianjin Yadong Longxin International Ltd last month to market dye intermediates in India.
Camex Ltd is engaged in production of reactive dyes, acid dyes, direct dyes and textile auxiliaries with its manufacturing facility located at Ankleshwar (Gujarat), the hub of dye industries. In addition, it also imports varied chemicals for different industries such as plastics, paint, rubber and paper.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%