Chememan, which makes and distributes lime and lime derivative chemicals, debuted on the Stock Exchange of Thailand on Wednesday, trading as CMAN.
The company aims to become one of the world’s top 10 producers in its field by expanding capacity to one million tonnes per year by 2020.
It’s in the midst of forging joint ventures with partners in India to build plants in Visakhapatam and Tuticorin that are expected to go into operation in 2019.
Chememan is also committed to expanding its market overseas and increasing its client base in 10 industries in more than 20 countries.
The plants in India will produce and distribute lime and mineral limestone products in India, which is a market with high growth potential.
It is expected that the two plants will increase Chememan’s combined total production from 900,000 tonnes per year at present to one million tonnes by next year.