( PR4US.com | Press Release | 2016-07-02 08:16:15 )
July 2nd, 2016, Mumbai / New Delhi: Vikas Ecotech
Limited, one of India’s premier specialty and eco-friendly chemical manufacturers today announced the commencement of the construction of Phase I of its state-of-the-art Manufacturing plant & Innovation Center at Dahej, Gujarat, India. Being set up at a cost of Rs. 30 crores, it will add a capacity of 6,000 MT of Organotin stabilizers (MTM) and 5,000 MT of specialty polymer compounds annually. This is Vikas Ecotech’s 3rd manufacturing plant after its Rajasthan and J&K plants, the latter being currently integrated with the first, to drive economies of scale.
Laying the first brick at the construction ceremony, Mr. Vikas Garg, Managing Director, Vikas Ecotech
Limited said, “The Dahej facility is in sync with our growth strategy of being near to customers and also producing premium specialty chemicals. With this facility, we will serve domestic customers in the twin markets of West and South India in lesser time and also reach our international customers faster. In FY 2015-16 exports contributed 48% to our total sales and grew from Rs. 76 crores in FY 2014-15 to Rs. 149 crores. The Dahej plant is of strategic importance, to cater to premium international markets and also to the imminent domestic demand for eco-friendly lead-replacement alternatives.”
“We are committed to making PM Shri Narendra Modiji’s dream of “Make in India” successful. Our manufacturing facility is dedicated to make India a preferred and premium manufacturing destination, delivering advanced science & technology-driven solutions for a greener and sustainable tomorrow”, added Mr. Garg.The timeline for the plant starting production in April 2017 is as follows*:
June 2016 : Commencement of construction activities
· Oct 2016 : Completion of civil construction work
· Jan 2017 : Trial run with installation of plant and machinery
· Apr 2017 : Commencement of commercial production
*The company has applied for various utilities & government permissions and adherence to the above schedule is subject to receiving them in time.
The state-of-the-art plant is being built to manufacture 6,000 MT per year of Organotin stabilizers – lead-free alternative additives, the demand for which is on the rise both in Indian and International markets. Secondly, it will also add an annual capacity of 5,000 MT for specialty compounds. The company expects to generate an additional revenue of Rs. 300 crore from the above expansion.
A modern state-of-the-art research and development center will also be housed in this facility. It will be used to conduct IPR-led scientific research for developing specialty chemical solutions for customers
To know more about Vikas Ecotech
Limited, please visit www.vikasecotech.com.
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