From The Economic Times · Faizan Haidar · · 1m
Shivtek to expand manufacturing with new land
Shivtek Spechemi Industries acquires land near expressway for advanced chemical plants.
In brief
Shivtek Spechemi Industries acquires land near expressway for advanced chemical plants. Shivtek Spechemi Industries will build a new facility in Gujarat to produce ultra-pure chemicals and WPC, cutting timber imports and supporting affordable housing. Originally reported by The Economic Times.
Shivtek's expansion plan
Shivtek Spechemi Industries plans to expand manufacturing through new land acquisitions and existing facilities.
New land acquisition
The company acquired a 21-acre parcel at Pungam, Gujarat.
Strategic location
The site is 1.2 km from Delhi-Mumbai Expressway exit and 45 km from Hazira Port.
Logistics advantage
Pungam offers unmatched trimodal access for supply chain efficiency.
Investment commitment
Shivtek will invest Rs 150 crore to build a new production facility.
WPC production
Shivtek will produce WPC to replace timber in housing projects.
CPE plant
Shivtek will build India’s first CPE plant to reduce timber imports.
Future impact
WPC adoption supports affordable housing and reduces timber imports.
The headline
Shivtek Spechemi Industries will build a new facility in Gujarat to produce ultra-pure chemicals and WPC, cutting timber imports and supporting affordable housing.
