Speciality chemicals manufacturer Shivtek Spechemi Industries Ltd will invest USD 6.5bn to set up manufacturing units in Gujarat and Rajasthan. The Gujarat facility will be located near the Hazira port, offering cost-effective logistics and seamless connectivity to both domestic and international markets, while the Rajasthan plant is in the proximity of northern distribution hubs.
These new facilities will significantly augment the company’s manufacturing capacity to 650,000 metric tonne per annum (MTPA), up from the current total production capacity of 150,000 MTPA.
At present, the company has three plants — Dahej in Gujarat with a capacity of 112,800 MTPA; Kurnool (Andhra Pradesh) with 22,800 MTPA capacity; and Rajpura (Punjab) with an annual capacity of 14,400 MTPA.
Construction of the new plants will begin in 2026, with production expected to commence between 2028 and 2029. The new plants are expected to span across 100 acres.