Business Update24 May 2026, 10:00 pm
Camlin Fine Sciences Closes Diphenol Plant, Fire Incident Occurs
AI Summary
Camlin Fine Sciences Ltd has announced the closure of its Diphenol Plant due to geopolitical issues and economic constraints affecting raw material availability and prices. The company had already reduced capacity utilization and secured Hydroquinone imports to mitigate the impact on downstream products. A fire incident also occurred at the plant, causing an estimated loss of ₹2 crore, covered by insurance. Ethyl Vanillin production is expected to restart within 48 hours, and the company does not anticipate any impact on sales of downstream products. The company is evaluating repurposing the Diphenol Plant.
Key Highlights
- Diphenol Plant closed due to geopolitical and economic factors impacting raw material supply.
- Fire incident at Diphenol Plant caused an estimated loss of ₹2 crore, covered by insurance.
- Ethyl Vanillin production expected to restart within 48 hours.
- Diphenol Plant's FY25 turnover was ₹4,352.47 lakh, contributing 5.06% to total turnover.
- Company is analyzing to re-purpose the Diphenol Plant based on economic scenarios.