Navin Fluorine International Limited Approves Capital Expenditure of INR 1,150 Million to Expand cGMP Capacity and Associated Infrastructure at Dewas Facilities
December 21, 2017 at 05:31 am EST
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Navin Fluorine International Limited Board of Directors of the Company at their meeting held December 21, 2017, has approved a capital expenditure of INR 1,150 million towards creating additional cGMP capacity and associated infrastructure at its Dewas facilities. The expanded capacity will be utilized for the Company's expanding contract manufacturing activity for the value added complex chemicals and fluoro intermediates manufactured for innovator pharma companies across the globe. The Investment in expansion of the capacity is based on customer enquiries and discussions and in anticipation of future research pipeline of innovators. The new capacity addition will be similar to the Company's existing multi product plant configuration with multistage batch and products processing capabilities. The New capacity is expected to come on stream by June 2019. The capital investment of INR 1,150 million will be funded through a combination of internal accruals and debt.
Navin Fluorine International Limited is an India-based company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines. The Company operates through the Chemical Business segment. It has two geographical segments based upon the location of its customers, which include within India and outside India. It is the manufacturer of specialty fluorochemicals, which comprises synthetic cryolite, fluorocarbon gases, and hydrofluoric acid and other fluorine chemicals. It offers contract research and manufacturing services. The Company has anhydrous hydrofluoric and diluted hydrofluoric acid manufacturing capacities in India with a multi-product portfolio. It serves industries, including stainless steel, glass, oil and gas, abrasives, electronic products, and life and crop science, among others. The Companyâs manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
Navin Fluorine International Limited Approves Capital Expenditure of INR 1,150 Million to Expand cGMP Capacity and Associated Infrastructure at Dewas Facilities
NAVIN FLUORINE INTERNATIONAL LIMITED 
