The International Financial Corporation will invest in Camlin Fine Sciences Limited (Camlin) in the State of Gujrat. Camlin a private company that is engaged in research, development, manufacturing, and marketing of specialty chemicals and blends.
The USD 30 million loan in the project proposes to:
a) Improve Acess: This will ensure availability of diphenols and produce a range of their derivatives, such as antioxidants, performance chemicals and aroma chemicals which are used in food products, supplements, animal feed, pharmaceuticals and agrochemicals.
b) Lower Prices: The cost of production of diphenols at the Dahej facility is expected to be lower than the cost at existing diphenols plant in Italy. IFC expects some of the cost savings to translate into lower price for the customers.
c) Increase employment: The Project will create high skilled jobs and allow for skills upgrading of the local employees through training and technology transfer from the facility in Italy to the Dahej plant.
d) Environmental Effects: The new plant in Dahej will have higher efficiency in terms of waste management, greenhouse gas emissions, energy consumption and other operational efficiencies as compared to Camlin's existing plant in Italy.
e) Competitiveness: The Project will help Camlin innovate new product formulations that improve the quality of specialty chemicals and make the manufacturing process more cost effective, more customized to meet local needs, and environmentally friendly.
Camlin is a private company that is engaged in research, development, manufacturing, and marketing of specialty chemicals and blends, which are used in a wide array of food, feed, animal and pet nutrition, fragrance, pharmaceutical and industrial products.
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Camlin Fine Sciences Limited
Mr. Santosh Parab
Chief Financial Officer
+91 22 6700 1000
Plot No, F/11-12, WICEL, Opp. SEEPZ Main Gate, Central Road, Andheri (E), Mumbai – 400093, India
Local Access for Project Documentation
Camlin Fine Sciences, Plot No. F/11-12, WICEL, Opp. SEEPZ Main Gate, Central Road, Andheri (E), Mumbai – 400093, India.
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