At meeting held on 19 October 2016
Thirumalai Chemicals announced that the Board of Directors of the Company at its meeting held on 19 October 2016 has transacted the following -The Company informed that the upgrading of its fine chemicals and food ingredients units is nearing completion. This will add about 40% capacity by Q4 of the current year in these divisions.
Approved the upgrading of its Phthalic Anhydride Plants with newer technology, to be completed by FY18. A further project to expand its fine chemicals capacities by a further 40% has also been approved by the Board to be completed in FY18. All these projects will be funded internally.
The company has indicated that its wholly owned subsidiary in Malaysia, OOSB has completed its Maleic Anhydride expansion to 45000 tons and is planning further expansions of its Maleic Anhydride Unit. OOSB will also build a food ingredients and fine chemicals plant based on TCL India's technology.
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