DCW to double CPVC capacity in India

DCW Limited has announced plans to double its CPVC (Chlorinated polyvinyl chloride) capacity by adding another 10KT capacity.

The Company also plan to augment the capacity utilisation of its SIOP plant to 100 percent with some line balancing Capex to generate an additional 10KT of production per annum and will invest Rs. 125 crores on both projects and anticipates a substantially boost to the profitability.

The CPVC project is expected to be commissioned in 2nd half of fiscal year 2024 & SIOP de-bottlenecking to be completed by first quarter 2024.

"This CAPEX aligns with our overall strategy of making further inroads into and expanding our speciality chemicals business. We believe that these CAPEXs- in expanding our CPVC capacity and taking our existing SIOP capacity to near 100%, will further strengthen our position in marketplace considering the demand curve for both these products. The proposed Capex initiatives also furthers our Hon'ble Prime Minister's "Make in India" initiative,” said Vivek Jain, managing director, DCW Ltd.

“We are committed to grow our speciality portfolio going forward as well and our strategy and R&D teams are already focused on the next growth drivers and in identifying products relating to chlorine & other related chemistry to add/expand to our portfolio,” added Jain.