Chemplast Sanmar Invests Rs 340 Crore in New Refrigerant Gas Facility

Specialty chemicals powerhouse Chemplast Sanmar Ltd has announced plans to establish a cutting-edge manufacturing facility aimed at producing refrigerant gas, with an impressive investment of Rs 340 crore. This strategic initiative underscores the company's commitment to enhancing its footprint in the specialty chemicals market.

The development is part of a broader plan that includes the ongoing expansion of a multi-purpose production facility in Tamil Nadu. Despite reporting a net loss of Rs 54 crore for Q1 2025, attributed to significant imports of suspension and paste PVC into India, Chemplast Sanmar is poised for growth.

Revenues for Q1 2025 grew to Rs 1,151 crore, marking an 11% increase compared to the previous year. Managing Director Ramkumar Shankar remains optimistic, citing improved pricing, stronger demand, and policy support as key factors fueling the company's robust outlook for its newly expanded capacities.

(With inputs from agencies.)