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Johnson Matthey sets up Rs 25 cr catalyst plant

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Our Corporate Bureau Mumbai
Johnson Matthey India, the local subsidiary of the £4.3 billion UK-based Johnson Matthey, a spciality chemicals major, has set up its third catalyst facility in the country with an investment of Rs 25 crore. The global major has presence also in catalysts and precious metals, apart from speciality chemicals.
 
The new plant, located at Taloja, Maharashtra, will manufacture precious-metal catalysts and has a capacity of 50 tonne per annum and will cater to the fine-chemicals and pharmaceutical industries. It is the company's tenth process-catalyst plant globally. Lawrence C Pentz, executive director (process catalysts and technologies), Johnson Matthey said, "The expansion of the pharmaceutical industry in recent times have fuelled the demand for our catalyst products."
 
In 1998, the metals major had up set up its first auto-catalyst manufacturing unit in association with the Kolkata-based Arora family. Johnson Matthey holds 40 per cent in the joint venture company, while the rest is held by the Aroras.
 
The auto-catalyst unit, located near Gurgaon, has a capacity of 6 million pieces. Johnson Matthey India has presence in colours and coatings business also "" apart from catalysts.

 
 

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First Published: May 08 2004 | 12:00 AM IST

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