Pune, India-based pigment manufacturer Sudarshan Chemical Industries Ltd, is upgrading its manufacturing facility at Roha in Raigad district with an investment of Rs 100 crore.The new plant will cater to the automotive coatings, plastic and cosmetic industry.The plant will also recycle 1000 cubic meters of water per day.This pigment production plant is spread over 89 acres and includes a warehouse, R&D and application laboratory.The facility will be operational from April 9.
Speaking on the occasion, Rajesh Rathi, Director for Sudarshan Chemical Industries Ltd, said that "The current expansion at Roha is part of a phase-wise strategy for the company to become the 4th largest global pigment company by the end of 2014, with a focus on high performance pigments for the Coatings, Plastics and Speciality Ink markets." Sudarshan exports 60 per cent of its total production. Sudarshan spends Rs 14 crore annually on research and development. The company is raising Rs 100 crore from the combination of debt and equity. Sudarshan has expanded into global markets since 2008 with wholly-owned subsidiaries in North America and Europe, and is preparing to open further sales offices in Asia Pacific and Latin America by the end of 2011.