In a strategic move aligned with its ambition to become a $1 billion global player by 2030, Godrej Industries’ chemical business has announced a significant capacity expansion across its manufacturing portfolio. The company has announced a total capital outlay exceeding Rs 750 crore over the next few years to fund these expansions and has already kicked off several projects.
The expansion plans include key product categories and are already in motion. The company announced doubling of its Fatty Alcohol and Euric Acid capacities with an addition of 35,000 tons per annum and 20,000 tons per annum respectively. It has tripled its specialities capacity with an addition of 21,000 tons per annum while the glycerine capacity will be doubled with an addition of 24,000 tons per annum.
Further, the fermentation capacity will also see a threefold increase with an addition of 1,500 tons per annum. Godrej Chemicals is also planning to increase the Primary Surfactants capacity with an addition of 30,000 tons per annum. Additionally, to support the company’s sustainable operations, it will enhance its hybrid power capabilities thereby increasing renewable energy usage to 75 per cent, the company said.
Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals), said, “Our capacity additions align with our long-term aspirations to become a $1 Billion global business before 2030. On behalf of our entire team, I thank our customers, suppliers and stakeholders for their great support which is enabling our strong progress year after year.”
Godrej Industries has identified Green Chemistry as a central pillar in its growth strategy. The company is advancing sustainable technologies by adopting biocatalysis, continuous manufacturing, and fermentation to create efficient, environmentally friendly products.