The Custom Manufactured Chemicals (CMC) business of Chemplast Sanmar, which places a premium on “custom manufacturing”—producing exactly what the customer requests—plans to invest 680 crore in its expansion.
With a cash balance of 1,160 crore, the capital programme will be spread out over the following 15 months.
This was the company’s main takeaway, which was presented to investors along with the financial results for the quarter between October and December 2022.
PVC resin, which makes up 60% of Chemplast Sanmar’s sales, is the company’s main product, but it also produces a variety of other chemicals, including caustic soda, chloromethane, and hydrogen peroxide.
