Fineotex Chemical Limited has submitted a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing a press release dated June 08, 2026.
The disclosure announces that CrudeChem Technology LLC, a US subsidiary of Fineotex Chemical Limited, is expanding its manufacturing capacity at its Texas facility by 150 million pounds per annum (MM lbs/year). This expansion will increase the facility's total manufacturing capacity from 200 million pounds per year to 350 million pounds per year.
The capacity expansion is designed to support growing demand for specialty chemicals across domestic and international markets, particularly targeting the oilfield and energy sectors. The expansion aims to strengthen CrudeChem Technology's position as a leading producer of specialty chemical solutions, enhance supply chain efficiencies, and strengthen the company's manufacturing footprint in North America.
Mr. Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, provided commentary stating: "The expansion of our manufacturing capacity at the Texas facility represents another important milestone in Fineotex growth journey. Increasing our production capacity from 200 million pounds to 350 million pounds annually significantly enhances our ability to support growing customer demand across domestic and international markets. This investment reflects our confidence in the long-term growth prospects of the specialty chemicals industry and reinforces our commitment to delivering innovative, high-quality solutions to our customers while creating sustainable value for stakeholders."
The expansion aligns with CrudeChem Technology's long-term growth strategy and underscores its commitment to operational excellence, customer-centricity, and sustainable business growth. As part of the Fineotex Group, this development reinforces the Group's vision of building a scalable international specialty chemicals business while capitalizing on emerging growth opportunities across key global markets.
Additional Information
The press release contains forward-looking statements regarding the implementation of strategic initiatives and future business developments, with caution that actual results may differ due to market conditions, macroeconomic factors, regulatory trends, currency exchange rates, competitive pressures, technological developments, and other unknown factors.
Contacts
For investor relations: Yusuf K Contractor, Head - M&A and Investor Relations at investor.relations@fineotex.com
For media relations: Ms. Saloni Nagvekar / Mr. Arun Prakash at Adfactors PR