- Business
- Chemplast Sanmar Limited manufactures specialty chemicals, performance plastics and chlorochemicals for industrial applications worldwide. The company produces specialty paste PVC resins with a capacity exceeding 66,000 tonnes per annum; custom manufactured chemicals for agrochemical, pharmaceutical and fine chemical innovators using cyanation, hydrogenation and fractionation technologies; caustic soda at 119,000 tonnes per annum; chlorochemicals including chloromethane; hydrogen peroxide at 34,000 tonnes per annum; refrigerant gases; and industrial salt chemicals. Operations span manufacturing facilities in Mettur, Panruti, Cuddalore, Ponneri, Berigai and Vedaranyam in Tamil Nadu; Shinoli in Maharashtra; and Karaikal in Puducherry, serving infrastructure, automotive, irrigation, consumer goods and pharmaceutical sectors. Founded in 1962 as part of the Sanmar Group and headquartered at 9 Cathedral Road in Chennai, Tamil Nadu, the company listed on the BSE and NSE via IPO in 2021. Recent developments include a Rs 160 crore board-approved investment for custom manufactured chemicals division capacity expansion following state-of-the-art R&D, pilot and production block commissioning; the fifth letter of intent over 20 months with an agrochemical innovator for a five-year supply of advanced intermediates starting in 2025 using Phase 2 facilities; Paste PVC expansion commissioning targeted for Q4 FY24; and acquisition of an 18.46% stake in JSW Green Energy Nine plus 7.81% by subsidiary Chemplast Cuddalore Vinyls for Rs 30.43 crore total to secure captive renewable power under a group scheme.