New Launch2 Jun 2025, 02:18 pm
Thirumalai Chemicals Ltd. to Expand Non-Commodity Chemicals Production, Boosting Value Added Products
AI Summary
Thirumalai Chemicals Ltd., a leading producer of Phthalic Anhydride (PAn) with a global capacity share of ~5%, is shifting its focus to value added manufacture. The company holds ~5% and ~6% of global capacities in Maleic Anhydride (MAn) and Fumaric Acid (FAc) respectively, and ~6% of global capacities in Malic Acid (MAc). The company is set to commence its US facility in FY26 and has seen a 4% CAGR in revenue from FY21-25. The new focus on value added products is expected to result in a 53% volume growth in non-commodity chemicals from CY26 onwards, significantly mitigating the impact of commodity chemical cyclicity on the group's profitability.
Key Highlights
- Thirumalai Chemicals Ltd. is a leading producer of Phthalic Anhydride (PAn), holding ~5% of global PAn capacity.
- The company is expanding its focus to value added manufacture, with a projected 53% volume growth in non-commodity chemicals from CY26.
- The new focus is expected to significantly mitigate the impact of commodity chemical cyclicity on the group's profitability.
- The company is set to commission a new facility in the US in FY26.
- Thirumalai Chemicals Ltd. has a strong in-house R&D capabilities and a broad customer base of 350+, exporting to 60+ countries.