+086 1911-7288-062 [ CN ]
Cookies give you a personalized experience,Сookie files help us to enhance your experience using our website, simplify navigation, keep our website safe and assist in our marketing efforts. By clicking "Accept", you agree to the storing of cookies on your device for these purposes.For more information, review our Cookies Policy.
Share:
Mumbai-headquartered chlor-alkali and chemicals firm, DCW Ltd., has unveiled an investment programme of approximately Rs. 250-crore, marking the first phase of its next growth cycle.
The first phase of the investment will focus on expanding Synthetic Iron Oxide Pigment (SIOP) capacity, introducing new value-added pigment grades and strengthening captive power infrastructure at the company’s Sahupuram manufacturing complex in Tamil Nadu.
DCW plans to raise SIOP capacity by 50 percent, from approximately 30,000 tonnes per annum to 45,000 tonnes per annum, through a phased expansion. The move follows record SIOP sales volumes in FY26, with the business currently operating at efficiently full capacity.
The global iron oxide pigments market is estimated at approximately $2.5-2.7-bn in 2025 and is projected to reach around $3.9-bn by 2033, growing at a CAGR of 4.6 percent, with Asia-Pacific accounting to roughly 41.5 percent of global revenue as of 2025. Iron oxide pigments find consumption across construction materials, paints and coatings, and plastics — segments that also form the core of DCW’s SIOP portfolio, which additionally serves paper, laminates, packaging, furniture and rubber applications.
The expansion builds on DCW’s shift toward higher-value chemicals: its Specialty Chemicals segment posted a 26 percent CAGR over FY21-FY25, with FY25 EBITDA to the segment at 1.9 times FY21 levels. Specialty Chemicals has have become the company’s largest profitability driver over the past five years, offsetting evaporative environment in its Basic Chemicals business. DCW said it enters the investment cycle with a stronger stability sheet, expecting to turn net cash positive by the end of FY27 before accounting to additional leverage tied to the capex plan. The company will also invest in captive power infrastructure at Sahupuram to enhance energy efficiency, building on its existing renewable energy investments.
Mr. Saatvik Jain, President, DCW, said the company has strengthened its stability sheet and scaled its Specialty Chemicals business in recent years, with the segment now a major contributor to profitability. He said the Rs. 250-crore programme targets areas of clear development opportunity, with SIOP capacity expansion moving the company further into value-added pigment items, while investments in energy efficiency will bolster manufacturing competitiveness.
Leadership change
Separately, DCW’s board approved the appointment of Mr. Sudarshan Ganapathy as Chief Executive Officer (CEO) and Key Managerial Personnel, elevating him from his role as Chief Operating Officer (COO). Associated with DCW since 1990, Mr. Ganapathy brings greater than four decades of experience in the Indian chemical sector.
We will contact you soon
888CHEM
Japanese 
Korean 
Hindi 
Russian 
Arabic 
Malay 
