Meghmani Finechem opens caustic potash plant in India

Meghmani Finechem opens caustic potash plant in India

11:52 AM, 25th April 2016
Meghmani Finechem opens caustic potash plant in India

MUMBAI, INDIA: Meghmani Finechem Limited, a subsidiary of Meghmani Organics Limited (MOL), has commenced commercial production at the caustic potash-flake (KOH) plant in Bharuch, Gujarat. Built with an estimated cost of Rs 65 crores, the caustic potash plant has manufacturing capacity of 60 metric tonne (MT) per day.

The largest users of caustic potash are soap, detergent, and fertiliser and chemicals industries. It is also used in molten salt, dyes, pharmaceuticals and photography sectors.

As a result in full year of operation of FY 2016-17, Meghmani Finechem will earn additional revenue of about Rs 125 crore and profit before tax (PBT) of Rs 20 crores.

The company has used membrane cell technology from Asahi Kasei Chemicals Corporation for the new caustic potash-flake plant, said Maulik Patel, head project Meghmani.

Meghmani is a manufacturer of pigments & agrochemicals. The company specialises in the manufacture of green and blue pigments that are used in applications such as printing inks, plastics, paints, textiles, leather and rubber.

© Business Standard News



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