To Reinforce its Biz, Fineotex Targets Pan-India &Global Expansion

Fineotex’s Chairman & Managing Director, Surendra Kumar Tibrewala states that Fineotex is one of the leading speciality chemicals producers with a market leading position in the international textile industry. The firm is now focusing the next phase of growth by entering into the home care, hygiene and drilling specialty chemical segments. However, the company’s subsidiary in Malaysia, Biotex, operates the R&D initiatives and the overall product development. Fineotex and Biotex balance each other’s strengths, and their customers across the globe recognise our value proposition.

Today Fineotex intends to grip its core manufacturing and development expertise in textile specialties into new high growth segments such as home care and hygiene and drilling specialties.

Lately, India became the sixth largest manufacturer of chemicals and has consistently been one of the leading global manufacturers in segments like dyes and pigments, polymers and agrochemicals. The speciality chemical sector is currently estimated to be $32 billion and is expected to touch $65 billion by FY25, states Sanjay Tibrewala.

In recent times, the Indian speciality chemicals sector has been on the priority list of most investors, both national and global, and it is reflected in the significant re-rating and enhanced fund-flow in the sector. Furthermore, India with its large domestic consumption market, trained workforce and a government focused on improving ease of business should be a considerably beneficiary of this shift. With China decreasing its market share in the Chemical sector, it is helping Indian companies with an opportunity to expand and reach out to newer demographics.

At present, the firm’s objective is to leverage Fineotex and Biotex’s potential to grow market share across existing and new customers in both Indian and International markets. Fineotex has a conservative approach headed for funding growth plans through internal accruals and our target is to maintain a net debt neutral capital structure. The organization is leading the transition from synthetic to lower carbon footprint products and are playing a significant role in sustainable chemistry and driving efforts towards social responsibility.