Kolkata, April 16 -- Nishant Kanodia- promoted Matix Group is expanding its footprint in the industrial and speciality chemical manufacturing sector.
The proposed product portfolio is based on a study initiated along with McKinsey and envisages a total investment of Rs. 2600 crores in this sector.
As part of its strategic initiative, Matix is set to establish Eastern India's first Iso-Propyl Alcohol (IPA) manufacturing plant with an annual planned capacity of 50 KTPA. IPA is a key industrial chemical widely used in pharmaceuticals and personal care products, and the new plant will significantly strengthen domestic supply.
The facility will be located within Matix's existing complex at Panagarh Industrial Park, West Bengal, which also ho...