Financial Daily from THE HINDU group of publications Wednesday, May 10, 2006 |
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Corporate
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New Projects Ashapura Volclay doubles Bhuj plant capacity Our Bureau
Mumbai , May 9 Ashapura Volclay Ltd (AVL) has announced that it has doubled capacity at its bleaching clay and clay catalysts plant at Bhuj, Gujarat, to meet the growth in demand in the domestic and international markets. The operations of the new unit at its plant have commenced and the new capacity will cater to the additional demand that is being generated from the edible oil refineries from across the world. "Ashapura Group has always focused on adding value-added lines of production to the value chain and the latest addition of capacity is in line with the group's strategy of offering value-added and critical products to cater to the Indian and global customers,'' a news release quoting Mr Chetan Shah, Managing Director, Ashapura Group, said. "Increasing edible oil refining capacities across the globe and the growing demand for premium quality products, were prime factors in doubling the capacity,'' the release said quoting Mr Tanuj Roy, Chief Executive Officer, Ashapura Volclay Ltd. While the domestic market for bleaching clay continues to grow at double digits the global market for the product is nearly 800,000 tonnes. The company said it has received orders for clay catalysts from Thailand, Taiwan, USA and the UK.
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