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Sudarshan Chemical Industries Ltd has invested Rs 100 crore to expand and upgrade its pigments manufacturing facility at Roha. Around 40 per cent of this has been raised through internal accruals, while the rest through debt.
The expansion includes building a high performance pigment plant to cater to automotive coatings and high-end plastics industry, a plant for effect pigments for use in auto and cosmetics industries, a co-generation plant and a multi-storied warehouse spread over 120,000 sq ft.
“Our vision is to be amongst the top four pigment players worldwide by 2014, and this expansion is part of the strategy,” Mr Rajesh Rathi, Director, Sudarshan Chemicals, said. The company also has plans to invest Rs 100 crore to upgrade and expand its second facility at Mahad, and will put the proposal to the board for approval later this month, he added.
With a portfolio of over 400 products, exports currently account for around 55 per cent of the company's revenues. “The major growth for us will come from exports,” Mr Rathi explained, adding that the company will soon open an office in China to serve the APAC region and seek board approval to open another in Latin America subsequently.
By 2014, Sudarshan Chemicals, the flagship company of the Rathi group expects to touch Rs 1,500 crore in revenues, with exports in the region at 65-70 per cent.
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