What's Happening?
Shivtek Spechemi Industries Ltd has signed a Memorandum of Understanding with Bodal Chemicals Ltd to acquire land for a new specialty chemical manufacturing facility in Rajpura, Punjab. Shivtek plans to invest ₹50 crore in this project, which aligns with its green chemistry and export-oriented growth strategy. The facility will produce chlorinated paraffin, chlorinated polyethylene, and green plasticizers, catering to the rising demand for sustainable materials. The partnership with Bodal Chemicals will enhance supply chain efficiency and operational safety through a direct chlorine pipeline supply.
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Why It's Important?
This investment marks a significant expansion for Shivtek in Northern and Eastern India, strengthening its position in sustainable chemical manufacturing. The collaboration with Bodal Chemicals reflects a shared vision for building efficient and green chemical ecosystems. The facility's focus on eco-friendly products aligns with global trends towards sustainable alternatives, potentially boosting Shivtek's market competitiveness. The project is expected to generate local employment and contribute to regional economic growth.
What's Next?
The commissioning of the facility is contingent on regulatory clearances from the Ministry of Environment, Forest and Climate Change, with operations expected to begin by the end of 2026. Shivtek's strategic location choices will enable faster service to domestic markets and export access to neighboring countries. The facility will incorporate modern sustainable practices, ensuring compliance with environmental norms. This collaboration is a key milestone in Shivtek's journey towards becoming a leading green chemical manufacturer in South Asia.
