Aether Industries announced the commercialisation of a manufacturing site in Surat, Gujarat, to manufacture specialty chemicals.
The site is adjacent to the recently commercialised Greenfield Manufacturing Site – 3. The said site will be termed as Manufacturing Site – 3+.
The company said that the total cost for Site – 3+ will be Rs. 600 million to Rs. 700 million and this will be funded by internal accruals and funding from banks.
The company will manufacture 3 new products (specialty chemicals and intermediates), which have been developed by the company’s in-house R&D centre.