Shree Balaji Techno Coatings Private Limited is proposing a manufacturing unit of Foundry Chemicals & Foundry Binders at Plot No. C-3/6 & C-3/7, Kagal Hatkanangale 5 Star MIDC, Kagal, District- Kolhapur, Maharashtra.

The company is proposing a product portfolio of a total 1,600 TPM capacity. The unit will be located at Plot No. C-3/6 & C-3/7, Kagal Hatkanangale 5 Star MIDC Industrial Area, Kagal Maharashtra.

The total project cost estimated is to be around Rs. 4.50 Crore.

Foundry binders & Foundry chemicals are primarily used across metal casting factories around the world to prevent deformities in the final product. Foundry binders are increasingly being used in the casting process of a wide range of metals, including cast iron, aluminum, bronze, and steel. Over the past few decades, advancements in technology, coupled with the growing demand for casting products across various industrial domains have witnessed steady growth due to which, the foundry binders market has exhibited a positive growth rate. This trend is likely to continue during the forecast period.

At the back of these factors, the global foundry binders & foundry chemicals market is expected to surpass US$ 4.9 Bn mark by the end of 2030.

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