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ChemAnalyst 2020-08-18
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Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year.

The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea.

The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players.

The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years.

The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.

The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic.

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ChemAnalyst 2020-11-04
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Taking forward the vision of self-reliant India, Meghmani Finechem Limited (MFL) announces plan for the expansion of its Caustic Soda facility from 294 KTPA to 400 KTPA.

Besides this, the company is also willing to boost the capacity of its Captive Power Plant at its Chlor Alkali and Derivative unit from 96 MW to 132 MWT.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/meghmani-reveals-plans-for-caustic-soda-capacity-expansion-aims-to-reduce-indias-chemical-dependency-3397The advanced capacity expansion with scheduled completion in March 2022 is anticipated to incur a total expenditure of around INR 2300 Million.

Following the expansion, installed capacities of Chlorine and Hydrogen will be raised to 350 KTPA and 116 Million NM3 per annum.

The project will also ensure efficient supplies to the upcoming Epichlorohydrin plant to be commenced in FY 2022 and CPVC plant in FY 2023.Moreover, it is anticipated to serve well in catering the requirement from downstream derivatives like Hydrogen Peroxide, Chloromethanes, Epichlorohydrin and CPVC Resins in India.As per ChemAnalyst, “the brownfield project is perceived to serve as a foundation for upcoming capacity additions in India’s downstream chemical industry and will considerably assist in reducing its chemical dependency upon various countries.

Thus, in the coming years the project will appreciably contribute to brace the overall economy of India by generating high revenue and cutting on freight charges.”About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.

ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India.

collect
0
ChemAnalyst 2020-08-18
img

Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year.

The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea.

The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players.

The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years.

The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.

The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic.

ChemAnalyst 2020-11-04
img

Taking forward the vision of self-reliant India, Meghmani Finechem Limited (MFL) announces plan for the expansion of its Caustic Soda facility from 294 KTPA to 400 KTPA.

Besides this, the company is also willing to boost the capacity of its Captive Power Plant at its Chlor Alkali and Derivative unit from 96 MW to 132 MWT.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/meghmani-reveals-plans-for-caustic-soda-capacity-expansion-aims-to-reduce-indias-chemical-dependency-3397The advanced capacity expansion with scheduled completion in March 2022 is anticipated to incur a total expenditure of around INR 2300 Million.

Following the expansion, installed capacities of Chlorine and Hydrogen will be raised to 350 KTPA and 116 Million NM3 per annum.

The project will also ensure efficient supplies to the upcoming Epichlorohydrin plant to be commenced in FY 2022 and CPVC plant in FY 2023.Moreover, it is anticipated to serve well in catering the requirement from downstream derivatives like Hydrogen Peroxide, Chloromethanes, Epichlorohydrin and CPVC Resins in India.As per ChemAnalyst, “the brownfield project is perceived to serve as a foundation for upcoming capacity additions in India’s downstream chemical industry and will considerably assist in reducing its chemical dependency upon various countries.

Thus, in the coming years the project will appreciably contribute to brace the overall economy of India by generating high revenue and cutting on freight charges.”About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.

ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India.