Kanoria Chemicals & Industries Limited (KCI), one of the leading Indian manufacturers of chemical intermediates, announced a capacity addition and commencement of production in its Formaldehyde manufacturing facility at Ankleshwar Chemical Works Division in Ankleshwar, Gujarat. The unit has enhanced its capacity to manufacture Formaldehyde by 50% to 75,000 TPA from the existing 50,000 TPA at an investment of Rs. 13 crores. This will add to an additional revenue stream of Rs. 6 crores every quarter to the company's topline.
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