The specialty chemicals company's total production capacity is expected to triple over the period with the addition of a new plant, which will have double the capacity of the current facility.
11 Feb 2025 | 5025 Views | By Kiran Murali
Specialty chemicals maker Zavenir Daubert is planning to set up a new manufacturing facility in the western part of India over the next two years with an investment of $20 million (Rs 174 crore). The plans come as the Haryana-based company has set a target to grow its business by ...
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Specialty chemicals maker Zavenir Daubert is planning to set up a new manufacturing facility in the western part of India over the next two years with an investment of $20 million (Rs 174 crore). The plans come as the Haryana-based company has set a target to grow its business by over seven-fold to Rs 1,000 crore by the end of this decade.
“We have set a vision 2030 during the pandemic. That requires us to grow our business by almost seven times now. Our target is to hit the Rs 10 billion (1,000 crore) mark by 2030…For us to achieve that vision, we need another plant. The new plant is two years away and is likely to come up in the Western part of India,” Zavenir Daubert India Managing Director Saket Bhartia told reporters.
The company makes specialty chemicals, focusing on corrosion protection and metalworking fluids. The solutions are used to clean, protect and package forged components upon arrival at the shop floor before they are used in vehicles or other applications. In the automotive industry, this process is employed by both component suppliers and OEMs assembling CKD units as well as in the aftermarket.
Zavenir Daubert has collaborations with global chemical companies such as Daubert Chemicals, Nihon Parkerizing and ZET-CHEMIE GmbH to use their product technology in manufacturing and trademark. Located in Binola, the company's sole manufacturing facility can produce 1,200 kiloliters of chemical products monthly on a single-shift basis. By expanding to three shifts, production capacity can increase 2.5 times, reaching 3,000 kiloliters per month. The Binola facility was reopened last week after a fire incident gutted the plant a few years back.
“The investment of the current facility would have been roughly about $10 million. Once we set up another plant that will be about double the capacity, the investment would be almost double what we have done for the current plant. We are talking about $20 million,” Bhartia said. The company's total production capacity is likely to triple over the period with the addition of the new plant, which will double the capacity of the current facility.
“We are going to have different products, we are talking about new technologies. Daubert Chemicals has got new technologies in terms of greases. That is something we are in close discussion. Then we are looking at other coatings as well. Broadly our theory is to look at industries where metals play a big role, help them make their metals perform better,” he said.
Zavenir Daubert sees immense potential in the Cut, Clean Protect and Pack (CCPP) market in India. The officials estimate the market of protection and packing at around $250 million while the cutting and cleaning market is pegged at $1 billion dollar. “We still see tremendous potential in the CCPP market. India is a very good spot, with outsourcing and China +1 strategy. We are going to be beneficiaries of that,” said Chief Business Officer Vikas Kapur.
Currently, the company’s annual revenue is around Rs 150 crore with almost 75% of it coming from the automotive segment, which focuses on passenger, commercial and off-highway vehicles. “Auto components, steel and construction are the three major segments. We are looking at the product range we have and, the products that our partners have to offer in these markets. That will be our 'plus plus' strategy to grow in these segments,” Kapur added.