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Thirumalai Chemicals Limited ( (IN:TIRUMALCHM) ) has shared an announcement.
Thirumalai Chemicals Limited has announced that its step-down wholly owned U.S. subsidiary, TCL Specialties LLC, has commenced the first phase of commercial operations at its new manufacturing facility with the initial sale of Maleic Anhydride. The US plant, which houses a 40,500 tonnes per annum Maleic Anhydride unit and a 30,000 tonnes per annum food ingredients unit for malic and fumaric acids, is undergoing phased commissioning expected to be completed and stabilized in the first half of 2026, positioning the company to serve currently underserved Maleic Anhydride markets in the North-Eastern and Mid-West United States and strengthening its presence in high-growth applications such as composites, specialty chemicals and biodegradable polymers.
More about Thirumalai Chemicals Limited
Thirumalai Chemicals Limited is an India-based chemical manufacturer with a diversified portfolio that includes industrial chemicals and food ingredients, operating globally through subsidiaries such as TCL Specialties LLC in the United States. The company produces key intermediates like Maleic Anhydride and value-added products such as malic and fumaric acids, serving sectors ranging from composites, polymers and coatings to food and specialty applications, with a particular focus on growing demand areas like biodegradable polymers.
Average Trading Volume: 8,480
Technical Sentiment Signal: Hold
Current Market Cap: 28B INR
See more data about TIRUMALCHM stock on TipRanks’ Stock Analysis page.