Published on October 22, 2016

Thirumalai Chemicals Ltd will augment the capacity of Phthalic Anhydride and other fine chemicals in India. On other hand its Malaysian arm Optimistic Organic Sdn Bhd (OOSB) - will set up food ingredients and fine chemicals plants. The decision on plant upgradation was taken at the board meeting held yesterday.  The company has already decided about its up gradation project of existing units in India. Yesterday, the board approved the upgradation of its phthalic anhydride plants with newer technology, which will be completed in FY18. Thirumalai Chemicals will also expand its fine chemicals capacities by a further 40 percent in FY18 to meet the growing demand for this product. All these projects will be funded internally.

Thirumalai Chemicals’ wholly-owned Malaysian subsidiary Optimistic Organic, which has recently completed expansion of maleic anhydride capacity to 45,000 tonnes, is planning further increase the capacity of this unit. OOSB will also build food ingredients and fine chemicals plants based on TCL India's technology in Malaysia.