
Follow WOWNEWS 24x7 on:
Updated: May 06, 2025 15:39
Deepak Fertilisers and Petrochemicals Corporation has established a wholly-owned subsidiary in Singapore, named Deepak Globalchem Pte. The new entity, incorporated on April 23, 2025, will focus on the purchase and sale of commodities, strengthening the company's international trading operations.
Strategic Expansion
- The subsidiary aims to enhance Deepak Fertilisers' global footprint in the chemicals and fertilisers sector.
- Singapore was chosen as the location due to its strategic position as a global trade hub.
- The move aligns with the company's broader vision of diversifying its market reach and optimizing supply chain efficiencies.
- Deepak Fertilisers continues to be a leading producer of fertilisers and industrial chemicals in India, with growing international ambitions.
Industry analysts view this expansion as a significant step in the company's global strategy, potentially opening new avenues for trade and partnerships in the Asia-Pacific region.
Sources: MoneyWorks4Me, MarketScreener, Deepak Fertilisers Official Website