Chemplast Sanmar to spend Rs 680 cr on expanding CMC works at Hosur

Phase-1 of project slated to be completed by Q2 of FY24

Chemplast Sanmar, a leading manufacturer of chemicals and allied products and the flagship company of Sanmar group, has said that it is planning to invest around Rs 680 crore for expansion of its Custom Manufactured Chemicals (CMC) Division near Hosur in Tamil Nadu.

The custom manufacturing chemical division (CMCD) of Chemplast Sanmar is a leading supplier of intermediates for global agrochemical, pharmaceutical and fine chemical innovators and has a 1,068 MTPA installed capacity at Berigai, near Hosur. Phase-1 of the multi-purpose custom manufacturing block is slated to be completed by the second quarter of 2023-24.

"We recently received confirmation from one of