Paragon Fine and Speciality Chemicals Ltd. (PFSCL), a leading company in the specialty chemicals industry, has made an important move to enhance its operational capabilities. On December 17, 2024, Paragon announced the acquisition of a strategically located piece of land near Viramgam, Gujarat, close to its existing facilities. This land acquisition will facilitate the construction of a new 15,000 sq. ft. multipurpose warehouse designed to accommodate expanding business needs.

Details of the Acquisition

The total capital expenditure for acquiring the land and developing the warehouse is approximately ₹2.22 crore. This move is part of Paragon’s strategy to bolster its operational capacity and meet the growing demand for its products across various segments, including pharma, cosmetics, and agro. The multipurpose warehouse will play a critical role in enabling Paragon to undertake additional projects and improve its delivery timelines.

Investment and Expansion Plans

In addition to this acquisition, Paragon has been making significant investments to expand its capabilities. The company had previously invested ₹1.5 crore in machinery in FY24, followed by an additional ₹2.32 crore in machinery in FY25. These investments are geared towards improving its production capacity and increasing the installed capacity, which is expected to support Paragon’s revenue growth over the next 5–6 months.

About Paragon Fine and Speciality Chemicals Ltd.

Founded in 2004 as Paragon Industries, the company has grown to become a global leader in specialty intermediates for the pharma, cosmetics, and agro sectors. With a production capacity of 600 MTPA, Paragon delivers over 140 high-quality products. The company has earned multiple certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and SA 8000, reflecting its dedication to quality, sustainability, and customer satisfaction.

Paragon’s acquisition of this land and warehouse development marks a strategic step towards expanding its capacity and strengthening its position in the specialty chemicals market.

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