Chemplast Sanmar group to expand further
Chennai: The Chemplast Sanmar group, a leading manufacturer of polyvinyl chloride (PVC) in India, has formed a joint venture with Kem One SAS, a leading European PVC manufacturing firm, to set up a manufacturing unit for chlorinated PVC in Puducherry at an estimated cost of Rs 325 crore. Apart from the Puducherry unit, the group plans to invest Rs 100 crore in a hydrogen peroxide plant.
According to the chairman of the group, N. Sankar, the approvals for the new unit are in the process of being obtained and it will come up at Karaikal. “It will have a capacity of 22,000 tons per annum (TPA) of CPVC resins. It will also manufacture CPVC compounds,” he added.
Besides these projects, the company also has plans of trebling its Suspension PVC capacity to 1 million tons in stages to help the country to meet its huge demand for Suspension PVC that goes into the irrigation and construction sectors.
CPVC is used as a raw material to produce pipes and fittings for supplying water.
Most of India's local demands are met through imports, and he added that the objective of investing in the Karaikal plant is to produce enough for the country's needs. Kem One is the second largest producer of PVC in Europe with an annual turnover of $800 million.
