India’s IOIL to set up pesticides unit at Dahej

01 September 2008 17:57  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Indofil Organic Industries Limited (IOIL) will set up a pesticides plant at Dahej special economic zone (SEZ) near Bharuch in Gujarat, a company source said on Monday.

The export-focused plant would cost Indian rupees (Rs) 800m ($18.2m) and would produce three major fungicides and by-product manganese carbonate, which is used as fertiliser additive and as ingredient in certain ceramic products.

He did not indicate the start-up target for the project.

It would have capacity to produce 45,000 tonnes/year of Mancozeb and its formulations, 5,000 tonnes/year of Cymoxanil and its formulations, 5,000 tonnes/year of Tricyclazole and its formulations and 18,000 tonnes/year of manganese carbonate.

IOIL currently manufactures pesticides, construction chemicals, performance and specialty chemicals at Thane in Maharashtra.

($1 = Rs43.85)

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By: Naresh Minocha
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