Kanoria Chemicals & Industries Limited (KCI) is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles.
KCI has three chemicals manufacturing facilities, one at Ankleshwar in the state of Gujarat, which manufactures Alcohol based intermediates; and two others in the state of Andhra Pradesh - at Visakhapatnam which manufactures Formaldehyde, Hexamine and Phenolic Resins and at Naidupeta which manufactures Formaldehyde. The Ankleshwar and Visakhapatnam facilities have ISO 9001, ISO 14001 and OHSAS 18001 certifications, and the Naidupeta facility is in the process of acquiring these certifications. With a product portfolio of seven products, the company has a market leadership in three and substantial shares in the others.
With over five decades of experience in manufacturing chemicals, KCI has diversified into renewable energy and knowledge based sectors. It has set up a 5 MW grid interactive solar power plant using Photovoltaic (PV) technology near Jodhpur in the state of Rajasthan.
In the year 2012, KCI acquired APAG Holding AG, the Switzerland based holding company and its wholly owned subsidiary APAG Elektronik AG, Switzerland. APAG is engaged in development and sale of electronic and mechatronic modules and control devices for the automotive, consumer goods, power tool electronics and building automation industries. The designing and engineering facility of the company is located in Switzerland, whereas the manufacturing facility is located in the Czech Republic.
In another diversification initiative, KCI incorporated a subsidiary company, Kanoria Africa Textiles Plc in Ethiopia, Africa and has set up a Greenfield manufacturing plant to initially produce 12 million metres of Denim per annum.
KCI has strong capability with respect to wealth creation for all its stakeholders while adopting sound corporate governance practices. The Company steadfastly believes in the core values of sustainability, transparency, ethical business practices, and maintaining high standards of corporate governance.
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