Increased manufacturing capacity in Fineotex Ambernath Facility

The global textile chemicals market was valued at $23.89 billion in 2021, with a compound annual growth rate (CAGR) of 4.7% expected between 2022 and 2030. This expansion can be attributed to a rise in demand for clothing, technical textiles, home textiles, and other textile products.?

?To meet this increased demand, we at Fineotex have successfully ramped up our manufacturing capacity by establishing and enhancing our Ambernath facility. This has allowed us to broaden our horizons in different markets worldwide.

?The inception of our Ambernath facility

?Ambernath, located on the outskirts of Mumbai, began production on 9th November 2021. It was a logical and essential step in enhancing our local and global competitiveness. New equipment acquisitions for its operations, a revamped internet presence, the implementation of innovative technology, and the adoption of sustainability into our core principles have resulted in solid business growth for us. Our business practises now place a greater emphasis on long-term growth than ever before.?

Some of the noteworthy features of the facility can be summarised as follows:

• ?Located on 4 acres of land.
• Implementation of state-of-the-art technological updates.
• Initial capacity: 43,000 MT.

?Strategic location

The strategic location of the Ambernath facility not only brings additional jobs to the area, but also improves our manufacturing capacity to meet the market’s growing demands for specialty chemicals. Our new plant reactors are larger, enabling us to achieve a shorter turnaround time, a fifty percent reduction in lead times, and faster delivery.

Advantages

?While the Ambernath facility provides additional manufacturing capacity for existing product lines and new growth areas, it also offers several advantages, which are as follows:

• ?Caters to customer demands in the existing Textile Specialities and fast-growing Cleaning and Hygiene and Drilling Specialities businesses.
• State-of-the-art automated unit, fully compliant with the highest standards of sustainability.
• Located close to crucial port areas near Mumbai, it provides logistical and cost advantages.

?Vital role in meeting our requirements

The Ambernath plant is equipped with the most up-to-date infrastructure and modern amenities necessary for the sustainable production of chemicals, including enhanced automation, storage capacity, and logistical handling. It perfectly aligns with our overall growth and represents our commitment to operational excellence and technologically superior production methods.

In addition, we can capitalise on opportunities in high-growth categories with an improved supply chain. Our long-term strategies will generate value for our stakeholders and pave the way for future achievements.

Concluding Thoughts

We endeavour to maintain a leadership position in the specialty chemical industry by providing innovative textile chemical solutions while adhering to stringent sustainability standards. The Ambernath plant, which has increased total capacity from 42,000 MT to “104,000” MT, will continue to play an important role in our future growth.?

?Fineotex: Surging ahead

Founded in 1979, we are a significant producer of speciality chemicals and a provider of solutions, holding a market-leading position in specialty chemicals in both the worldwide and domestic textile industries. We produce specialty textile chemicals for the whole value chain of the textile industry.

Our operations, products, partnerships, and markets are centred on our commitment to sustainability, which is an integral part of our business practices. To meet the varied demands of the specialty textile chemical sector, we develop products of the highest quality.

Thus, we strive to give consumers ecologically sustainable, cost-effective, and user-friendly products. Our products aim to provide innovation and dependability to the pre-treatment, dying, printing, finishing, and enzyme processes while expanding into new growth markets.

References:

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1. https://www.grandviewresearch.com/industry-analysis/textile-chemical-market
2. https://www.indiantextilemagazine.in/fineotex-chemical-launches-its-state-of-the-art-facility/
3. https://fineotex.com/wp-content/uploads/2021/07/Fineotex-Investor-Presentation-August-2022.pdf