ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Neo Intex Mills

EPW Research Foundation Shaba Chemicals SHABA CHEMICALS, incorporated in December 1986, is engaged in the manufacture of trimethoprim and tinidazole (both bulk drugs) since 1988. The company now plans to expand its production capacity for trimethoprim from the existing 36 mt to 236 mt per annum at a total cost of Rs 2.7 owe. To part finance the expansion project the company plans to enter the capital market with a public issue of equity shares at par aggregating Rs 2 crore. In addition to exporting trimethoprim through leading merchant exporters for the last three years the company has also entered into a memorandum of understanding with Chemphar, Hong Kong for the export of 50 per cent of its output for the next three years. The recent announcement of reduction of customs duty from 85 per cent to 65 per cent on the company's major raw material is expected to improve its profitability further.

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