Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, announced plans to invest ₹5,000 crore in a polycarbonate manufacturing project.
The plant, set to be located at a greenfield site in Dahej, Gujarat, will have a production capacity of 1,65,000 metric tons of polycarbonate resins annually.
The facility is scheduled for commissioning by the fourth quarter of the fiscal year 2028.
Strategic Acquisition
In a significant move, DCTL has entered into an agreement with Trinseo to acquire its polycarbonate assets in Stade, Germany.
The deal not only includes the acquisition of the assets but also provides DCTL with a technology license.
Additionally, DCTL will gain access to Trinseo’s renowned CALIBRE™ resins and trademark, which enjoy a strong global reputation.
The Applications
Polycarbonate resins are highly versatile and are increasingly used in industries such as automotive (including electric mobility), electronics, electrical, construction, appliances, medical devices, aerospace, aviation, and drones.
With demand for high-quality engineering polymers rising across these sectors, this project aligns well with growing market needs.
Strategic Opportunities
Deepak C. Mehta, Chairman and Managing Director of Deepak Nitrite Limited, stated, “The historic collaboration between DCTL and Trinseo opens strategic opportunities for both companies. These opportunities include exploring partnerships in downstream compounds and complementary technology tie-ups.” The ‘Made in India’ tagline, combined with world-scale capacities and our brand credibility. It brings a new horizon of opportunities in advanced materials”.
Global Expertise and Reach
Trinseo, a player in engineering polymers and compounds, reported net sales of approximately $3.7 billion in 2023.
Major brands across various industries utilize its extensive portfolio.
Trinseo’s advanced expertise will be provided to DCTL. This will happen through the collaboration. It enhance DCTL’s ability to meet India’s rising demand for quality polymer solutions.
Serving Multiple Sectors
Deepak Nitrite a chemical intermediates companies, has built a versatile portfolio that spans numerous industries.
The company caters to a range of sectors, including dyes and pigments, agrochemicals, pharmaceuticals, plastics, textiles, paper, and home and personal care.
As reported by prnewswire.com, the brand supplies petrochemical derivatives like phenolics, acetone, and isopropyl alcohol (IPA) to both Indian and international markets.
