Nagarjuna Agrichem to invest Rs 250 cr for capacity expansion

Nagarjuna Agrichem (NACL), one of Indias leading crop protection companies, plans to expand its production capacity by 9000 tonnes by 2011 at a total cost of Rs 250 crore.

NACLs plans to expand capacity include setting up a grenfield facility at a cost of about Rs 205 crore in the Special Economic Zone near Vishakapatnam, within the petroleum, chemicals and petrochemical investment region. The facility to be commissioned in 2011 will focus on Technicals.

NACL recently concluded its de-bottlenecking initiatives at Srikakulam and Ethakota facilites at a total cost of Rs 40 crores that enhanced its capacity.

Announcing the expansion plans, Ashok Muni, Director and Chief Operating Officer, NACL said, “In line with our Vision 2015, we have already started expanding our capacity through de-bottlenecking and re-organising production at our current facilities. The new facility is a key addition in our plans to emerge as a leading player in the global contract manufacturing space. The new facility will add 7000 tonnes per annum and can be further up-scaled in modules as we continue our growth in domestic and global markets.”

NACLs Vision 2015 includes rapid growth in domestic and global markets by launching new branded products and entering untapped domestic and global markets.