Specialty chemicals manufacturer Zavenir Daubert has announced plans to establish a new manufacturing facility in western India over the next two years, with an investment of $20 million (approximately Rs 174 crore). This move is part of the company’s ambitious Vision 2030 strategy, which aims to grow its business more than seven-fold to Rs 1,000 crore by the end of the decade.
Vision 2030: A Roadmap for Growth
Zavenir Daubert, a Haryana-based company specializing in corrosion protection and metalworking fluids, has set an aggressive growth target to achieve Rs 1,000 crore in revenue by 2030. “We have set a Vision 2030 during the pandemic. That requires us to grow our business by almost seven times now. Our target is to hit the Rs 10 billion (1,000 crore) mark by 2030,” said Saket Bhartia, Managing Director of Zavenir Daubert India.
To support this growth, the company is expanding its manufacturing capabilities. “For us to achieve that vision, we need another plant. The new plant is two years away and is likely to come up in the western part of India,” Bhartia added.
Expanding Production Capacity
Zavenir Daubert currently operates a single manufacturing facility in Binola, Haryana, which produces 1,200 liters of chemical products per month on a single-shift basis. By expanding to three shifts, the company can increase its production capacity to 3,000 liters per month. The Binola facility recently resumed operations after a fire incident a couple of years ago.
The new facility, with double the capacity of the current plant, will require an investment of 20million.“Theinvestmentofthecurrentfacilitywouldhavebeenroughlyabout20million.“Theinvestmentofthecurrentfacilitywouldhavebeenroughlyabout10 million. Once we set up another plant, that will be about double the capacity, and the investment would be almost double what we have done for the current plant,” Bhartia explained.
With the addition of the new facility, Zavenir Daubert’s total production capacity is expected to triple, enabling the company to meet growing demand and explore new product lines.
Focus on Innovation and New Technologies
Zavenir Daubert collaborates with global chemical companies such as Daubert Chemicals, Nihon Parkerizing, and ZET-CHEMIE GmbH to leverage their product technologies and trademarks. The company is also exploring new technologies, including greases and coatings, to expand its product portfolio.
“We are going to have different products; we are talking about new technologies. Daubert Chemicals has got new technologies in terms of greases. That is something we are in close discussion about. Then we are looking at other coatings as well. Broadly, our theory is to look at industries where metals play a big role and help them make their metals perform better,” Bhartia said.
Tapping into the CCPP Market
Zavenir Daubert sees significant potential in the Cut, Clean, Protect, and Pack (CCPP) market in India. The company estimates the protection and packing market at around 250million,whilethecuttingandcleaningmarketisvaluedat250million,whilethecuttingandcleaningmarketisvaluedat1 billion.
“We still see tremendous potential in the CCPP market. India is a very good spot, with outsourcing and the China +1 strategy. We are going to be beneficiaries of that,” said Vikas Kapur, Chief Business Officer of Zavenir Daubert.
Diversifying into Key Industries
Currently, the company generates around Rs 150 crore in annual revenue, with 75% coming from the automotive segment, including passenger, commercial, and off-highway vehicles. Zavenir Daubert is now focusing on diversifying into other key industries, such as steel and construction.
“Auto components, steel, and construction are the three major segments. We are looking at the product range we have and the products that our partners have to offer in these markets. That will be our ‘plus plus’ strategy to grow in these segments,” Kapur added.
Conclusion
Zavenir Daubert’s $20 million investment in a new manufacturing facility underscores its commitment to growth and innovation in the specialty chemicals sector. By expanding its production capacity, exploring new technologies, and tapping into emerging markets, the company is well-positioned to achieve its Vision 2030 target of Rs 1,000 crore in revenue.
This strategic move not only strengthens Zavenir Daubert’s foothold in the Indian market but also aligns with global trends such as the China +1 strategy, making India a key player in the specialty chemicals industry. As the company continues to innovate and diversify, it is poised to play a pivotal role in enhancing the performance of metals across various industries, driving both economic growth and industrial advancement.
