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Thirumalai Chemicals gets board nod to set up subsidiary in US

| Updated on July 26, 2019 Published on July 26, 2019

The board of Thirumalai Chemicals has approved a proposal to set up a subsidiary to establish and operate a food ingredients manufacturing facility (including malic and fumaric acid) in the US.

The facility will have capacity of about 30,000 tonnes a year, to address the growing demand in the global market, including North America, the company said in a statement. The stock of Thirumalai Chemicals closed 3.40 per cent higher at ₹63.95 on the BSE.

Published on July 26, 2019
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