India’s SCL shelves cyanuric acid project

13 August 2008 21:01  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Sunshield Chemicals Limited (SCL) has shelved its proposal to set up a iso-cyanuric acid/cyanuric acid plant at its specialty chemicals complex at Raigad in Maharashtra State, a company source said on Wednesday.

The company made the decision after observing that overseas supplies of ICA were satisfactory, the source said. The company had also taken into account the import duty on iso-cyanuric acid and its intermediates while deciding not to proceed with the unit “at this stage”, the source said.

The company had earlier planned to commission a ICA unit costing Indian Rupees(Rs)134m ($3m) by December 2007.

The unit was conceived as a backward integration facility for the manufacture of tris hydroxy ethyl isocyanurate, which is used as coating/enamel on electrical wires. SCL imports ICA from China.

($1 = Rs42.27)

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By: Naresh Minocha
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