India's Yasho Industries commences production at Gujarat plant

10 Apr '24

2 min read

Pic: Yasho Industries

Insights

Yasho Industries has initiated commercial production at its Pakhajan plant in Gujarat.
The expansion includes enhanced automation and increased capacity by 15 per cent.
CEO Parag Jhaveri highlights the milestone as a significant step towards Yasho's global chemical manufacturing aspirations, aiming to elevate the company's market standing.

Yasho Industries Limited (BSE: 541167 |NSE: YASHO |ISIN:INE616Z01012) a leading Indian company manufacturing specialty and fine chemicals, has commenced commercial production at its Pakhajan Plant in Dahej District; Gujarat. Spread over 42 acres, the 20,000 MTPA unit has been set up at an approximate cost of Rs. 470 crore, against the originally envisaged budget of Rs. 400 crore (~ $48.1 million). This increase is on account of enhanced scope of automation done to improve efficiency levels, increased capacity by around 15% and inflationary factors.

Commenting on the development, Mr. Parag Jhaveri, managing director & CEO said, “We are pleased to announce the commencement of commercial production at our new facility, marking a significant advancement in our journey of growth. Spread across 42acres, this expansive facility represents our commitment to expanding our operational footprint and enhancing our production capabilities.

We are confident that our new facility will not only strengthen our competitive position in the market but also provides us requisite scale and capabilities to help us to take the company to the next level. This will take us one step closer in our journey towards transforming Yasho into a leading global chemical manufacturer by offering best-in-class products.