Meghmani Organics planning to build new pigment facility
Meghmani Organics has announced that it will enter into a new variant of White Pigment Titanium Dioxide (TiO2). The company is about to set up a 33,000 metric tons production facility at Dahej, the chemical hub of Gujarat.
The project is expected to be commissioned by Q1 FY24. According to the company, India’s annual demand for TiO2 is pegged at 2,50,000 MTPA growing at 4.2% CAGR. India imports 80% of the TiO2 demand. India’s Titanium TiO2 production capacity stands at 81,000 MTPA.
“Sustainable growth”
Commenting on Meghmani Organics entry into TiO2, Ankit Patel, Chief Executive Officer, Meghmani Organics said, “The Company has strengthened its value added proposition of its Pigments Division with its entry into White Pigment TiO2. Meghmani Organics foray into TiO2 is in line with the Company’s endeavour of creating sustainable growth in Pigment Division beyond Phthalocyanine Pigment Blue and Green.”
