Manali Petrochemicals Limited has informed the Exchange regarding a press release dated April 29, 2026, titled "Press Release dt. 29.04.2026".
MANALIPETC · price
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Manali Petrochemicals Limited announced that its step-down subsidiary PennWhite India Private Limited has inaugurated a new manufacturing facility at Oragadam, Chennai, Tamil Nadu. The facility will manufacture foam control chemistry products to serve customers in India and wider Asian markets. PennWhite Limited UK was acquired by MPL in November 2022, and the Indian subsidiary was incorporated in February 2024. The plant was built and commissioned within 18 months and has received ISO 9001 certification. This marks MPL's expansion in specialty chemicals manufacturing within India, following the UK parent's 40-year history and global operations across 40+ countries.
Positive development for shareholders as MPL expands its specialty chemicals footprint into India and Asia through local manufacturing capability, diversifying revenue streams beyond the core polyols business.