Fineotex Chemical Limited has informed the Exchange regarding a press release dated August 07, 2025, titled "Press Release - New State-of-the art manufacturing facility".
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Fineotex Chemical Limited has commenced a new state-of-the-art manufacturing facility at Ambernath on August 7, 2025, investing approximately INR 60 crores funded through internal accruals and capital raised. The new facility spans an additional 7 acres and will add 15,000 metric tonnes of production capacity in its first phase. The plant is strategically located with seamless connectivity to JNPT Port, Bhiwandi, and the company's existing Ambernath facility, enabling efficient logistics. Fineotex is a multinational specialty chemical manufacturer serving 69 countries with existing operations in India and Malaysia.
This expansion strengthens Fineotex's production capabilities and market position in specialty chemicals, potentially driving revenue growth as the new capacity comes online. The INR 60 crore investment signals management's confidence in long-term demand, though shareholders should monitor execution of subsequent phases and resulting margin impact.