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| Exchange Disseminated Time 19/10/2016 17:41:25 | Thirumalai Chemicals Ltd has informed BSE that the Board at its meeting held on October 19, 2016 has taken decisions on Plant upgradation.
The Company announced that the upgrading of its Fine Chemicals & Food Ingredients Units is nearing completion. This will add about 40% capacity by Q4 of the current year in these divisions.
The Board has also approved the upgrading of its Phthalic Anhydride Plants with newer Technology, to be completed in FY18. A further Project to expand its Fine Chemicals capacities by a further 40% has also been approved by the Board to be completed in FY18.
All these projects will be funded internally.
The Company has indicated that its wholly owned subsidiary in Malaysia, M/s OOSB has completed its Maleic Anhydride expansion to 45,000 Tons and is planning further expansions of its Maleic Anhydride Unit. OOSB will also build a Food Ingredients & Fine Chemicals Plant based on TCL India's technology. |
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