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Dubai-based Atlantic Care to set shop in Kochi
14 Aug '07
1 min read
Atlantic Care Chemicals, a Dubai-headquartered company that produces and distributes cleaning chemicals, will set up a Rs 1.5-crore manufacturing unit in Kochi.
The Kochi facility, which is said to be functional in a month's time, will have the capacity to produce 10 metric tons of chemicals in a day.
Atlantic Care's entry into the Indian market is through the company's joint venture with Gulf India Trade, a subsidiary of Emirate National Chemicals.
Atlantic has also tied up with Fabric Research Institute to set up a Fabric Care Research Laboratory in Bangalore in which the company will invest Rs 1 crore.
The company has pegged its Indian operations turnover at Rs 6 crore by December 2007 and Rs 50 crore by the end of 2010. It is also considering setting up two more manufacturing plants, one each in Canada and Malaysia.
The Kochi facility, which is said to be functional in a month's time, will have the capacity to produce 10 metric tons of chemicals in a day.
Atlantic Care's entry into the Indian market is through the company's joint venture with Gulf India Trade, a subsidiary of Emirate National Chemicals.
Atlantic has also tied up with Fabric Research Institute to set up a Fabric Care Research Laboratory in Bangalore in which the company will invest Rs 1 crore.
The company has pegged its Indian operations turnover at Rs 6 crore by December 2007 and Rs 50 crore by the end of 2010. It is also considering setting up two more manufacturing plants, one each in Canada and Malaysia.
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