Page 136 - CW E-Magazine (4-2-2025)

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EXPANSION

Jubilant Ingrevia commissions new facility

for niacinamide in Bharuch

Jubilant Ingrevia Ltd. has commis- and high-margin offering,” the com- ness is fully integrated and follows the
sioned its new cGMP compliant faci- pany said in a press note. green route, our international clients
lity at Bharuch, Gujarat, to manufacture specifi cally seeking high bio-content
nutraceuticals and dietary-active ingre- Speaking on the development, products, shall benefi t,” he added.
dients. Mr. Deepak Jain, CEO & Managing
Director, Jubilant Ingrevia said, “The Q3 results
The 5,000-mt facility is an extension commissioning of our new facility for Meanwhile, the company has posted
of the company’s USFDA approved niacinamide aimed at food, nutrition a net profi t of Rs. 69-crores for the
plant that is already supplying to the and cosmetic applications is an impor- third quarter ended December 31, 2024
US, Europe, Japan and other markets. tant milestone in our journey. We are (Q3FY25) – an 80 percent increase over
It will be fully equipped to cater to already one of the world’s largest pro- the same year-ago period. Total revenues
the needs of the biggest marquee ducers of niacinamide and as we ramp were at Rs. 1,057-crore for the quarter,
customers in the food, nutrition and up the utilisation of this new plant, we representing a rise of around 10 percent
cosmetics space. aim to become global leader in Vitamin over Q3FY24. Commenting on the com-
B3 in the coming years. With this, we pany’s performance, Mr. Shyam S Bhartia,
The niacinamide made at the new are now among a select few capable Chairman and Mr. Hari S Bhartia,
plant, in addition to its various applica- of producing high-quality Vitamin B3 Co-Chairman, Jubilant Ingrevia said,
tions in skin and hair care, will help the for these high-value, high margin offer- “We are pleased to announce signifi cant
company enter the infant nutrition mar- ings. It also gives us a strategic moat, year-on-year growth for this quarter,
ket globally, with food grade niacin. protecting us from industry volatility in attributed to the enhanced performance
“The production of these new grades of feed-grade niacinamide”. of our Speciality Chemicals and Nutri-
Vitamin B3 will signifi cantly enhance tion businesses, as well as to the bene-
the company’s presence within value- “Given that our value-chain in the fi ts derived from cost saving initiatives
added products with this high-value Nutrition & Health Ingredients busi- implemented in recent quarters”.

Fineotex Chemical opens new offi ce in Mumbai

Fineotex Chemical Ltd. (FCL), a engagement, and breakthrough product
leading speciality chemicals manufac- development”.
turer, has inaugurated its new offi ce
space in Andheri, Mumbai. A fully Commenting on the occasion, Mr.
integrated facility, it aims to foster a Sanjay Tibrewala, Executive Director,
cohesive working environment while FCL, said, “This space refl ects our
enhancing effi ciency and supporting vision for the future – a place where
FCL’s growing team. innovation thrives, partnerships fl ourish,
and operational excellence drives us
FCL said a distinctive feature of the forward.”
new offi ce is that one-third of the total
area is dedicated to recreation facilities With manufacturing facilities in
for employees. Additionally, the offi ce Ambernath, Navi Mumbai and Selangor
houses training centres for employees (Malaysia), and an additional up-
and techno-innovative facilities. coming plant in Ambernath, Fineo-
tex serves customers in several indus-
The company said the offi ce will tries including the textile & garment
serve as “a central hub for strategic processing, homecare, water treatment,
decision-making, enhanced customer oil & gas.

136 Chemical Weekly February 4, 2025

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