For us, sustainability isn't an added layer, but deeply integrated into our manufacturing philosophy & operational processes'

Since its inception in 1987 with a modest 400 MTPA capacity in Haryana, Shivtek has grown as a global leader in specialty chemicals, with a current installed capacity of 150,000 MTPA across Punjab, Andhra Pradesh, and Gujarat.

- RITWIK MUKHERJEE

This growth has been driven by a combination of strategic foresight, continuous product innovation, and operational integration.

A key factor has been the company's early focus on backward integration, which enabled greater control over raw material sourcing, cost efficiencies, and consistent product quality.

Shivtek's ability to identify and invest in high-growth, high-margin segments such as green plasticizers, oil additives, and chlorinated intermediates has positioned it strongly in both domestic and international markets.

The company's export footprint now spanning over 75 countries reflects its commitment to global standards and regulatory compliance. Environmental leadership has also been a core pillar of its growth strategy, evidenced by early adoption of zero-emission technologies, Zero Liquid Discharge (ZLD) systems, and a consistent CRISIL A credit rating.

With a Rs 650 crore investment underway to scale its production capacity to 650,000 MTPA, including new manufacturing units in Hazira (Gujarat) and Rajasthan, Shivtek is now entering a new phase of growth. The company announced the finalization of a new manufacturing facility near Hazira, spread across 1M+ square feet.

The new facility, to be operational from 2027, will add to the production capacity of 250,000 MTPA by 2027-28. This expansion is not only about capacity; it reflects the company's commitment to import substitution, green manufacturing, and strengthening India's position in global specialty chemical value chains.

Speaking to The Statesman, Dr. Amitt Nenwani, Managing Director-Shivtek Spechemi Industries Ltd, decodes the specialty chemicals market globally and in India and Shivtek's future growth path and strategies.

Q: How big is the specialty chemicals market globally and in India? Where do you position yourself?