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HomePosts Tagged "Crop Protection Chemicals"
Agro chems – Chemicals, Company News, Finance, India, Investments

The investment is expected to create employment opportunities of about 400 jobs.

Hikal Ltd and the Government of Gujarat have entered into a Memorandum of Understanding (MoU) as part of the investment initiative associated with the Vibrant Gujarat Global Summit 2024.

According to the MoU, Hikal will inject Rs 500 crores into the existing fine chemical plant located at Panoli, Gujarat. The Panoli plant is distinctive as the only Hikal site that encompasses all three business verticals—Pharma, Crop Protection, and Animal Health.

In reciprocation, the Government of Gujarat commits to assisting Hikal in obtaining the necessary permissions, registrations, approvals, and clearances from the relevant state departments. The investment is expected to create employment opportunities of about 400 jobs, it added. On the Government’s part, it would facilitate the necessary permissions, registrations, approvals, and clearances from the concerned departments of the State, the company mentioned.

The investment is expected to create employment

Agro chems – Chemicals, Agro chems – Pesticides, Agrotech, Company News, India

Scaling up Crop Protection Chemicals business will significantly help the company leverage the growth opportunities in India and the global markets.

Agrochemical major Coromandel International Ltd announced that company plans to expand its operations in Crop Protection Chemicals and foray into Contract Development & Manufacturing Organisation (CDMO) business. The Board further approved the plan to diversify into new growth areas namely Speciality and Industrial Chemicals. This is in line with the company’s strategy to establish a sizeable presence in the Crop Protection Chemicals business and leverage its deep technical capabilities and best in class infrastructure to enter into adjacencies like CDMO, Specialty and Industrial Chemicals.

 Arun Alagappan, Executive Vice Chairman, Coromandel International Limited, said, “Coromandel’s current capabilities in Crop Protection Chemicals offers a strong starting position and flexibility for play in Speciality and Industrial Chemicals. With India’s high import dependency in the specialty chemicals, global supply chain diversification trends and strong policy push by the Government, these businesses offer significant growth prospects in addition to supporting the Atmanirbhar Bharat vision of the nation. Scaling up our Crop Protection Chemicals business will significantly help leverage the growth opportunities in India and the global markets. The company plans to set up new Multi Product Plants in two of its manufacturing locations apart from purchase of additional land for future expansions. Coromandel plans to invest Rs. 1,000 crores over the next two years in the above businesses and leverage the macro tailwinds in the Chemicals sector to build a business of scale.”

Entry into CDMO business is a strategic portfolio choice where Coromandel can leverage its expertise in handling complex chemistries at commercial scale and strong development capabilities across various chemistries.

Scaling up Crop Protection Chemicals business will