Fineotex Chemical Ltd. has secured a INR 1,500 million specialty performance chemical order from a leading FMCG company. This new product business is a result of the Company's consistent high quality product development, focus on contract performance and continuing to build long term relationships with global customers. This new specialty product provides Fineotex with significant opportunities to explore partnerships in the global FMCG market for the supply of other cleaning and hygiene products.

This long term order has an annual sales value of approximately INR 1,500 million and will be manufactured at recently commissioned facility at Ambernath. In addition to the new order, starting 14th November 2022, Fineotex has successfully expanded its capacity at Ambernath by an additional 21,000 tons. This takes the total capacity at Ambernath to 104,000 tons per year and enables Fineotex to cater not only for this new product contract but also expected future orders.

This new development will enable Fineotex to target and focus on the FMCG industry and niche segments within it, to drive future growth opportunities.