BSE smallcap announces new manufacturing facility in Maharashtra

A BSE smallcap firm has commenced operations at its new state-of-the-art manufacturing facility in Ambernath, with the company investing approximately ₹60 crore in the facility.

The new facility of Fineotex Chemical Limited expands the operational footprint by 7 acres and will add 15,000 metric tonnes to the existing production capacity in Phase 1. Strategically located, the plant offers seamless connectivity to Jawaharlal Nehru Port (JNPT), Bhiwandi, and Fineotex's existing Ambernath facility.

Mr. Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, stated that the new facility is a testament to Fineotex's long-term vision and commitment to scaling operations sustainably. Mrs. Aarti Jhunjhunwala, Executive Director, added that the expansion reaffirms the company's commitment to meeting project timelines and enhancing its ability to deliver innovative and sustainable solutions.

Fineotex Chemical Limited remains dedicated to maintaining its leadership in the specialty chemical industry through continuous innovation, strategic investments, and a focus on sustainability. The company provides sustainable technology-driven solutions to various industries, including textile & garment processing, clean and homecare, water treatment, and oil & gas.