Chennai, Jan 3 (IANS) City-based Chemplast Sanmar Ltd’s polyvinyl chloride (PVC) plant at Cuddalore has been shut down for around 10 days to check its systems post Cyclone Thane, a top company official said.
‘There is no major damage to our plant. None of the critical production equipment has been affected. The plant is designed to meet such cyclonic conditions. The plant was shut down just prior to the cyclone. We are now checking the various systems in detail before restarting production,’ managing director S. Gopal told IANS.
According to him, the plant produces around 650 tonnes per day and the initial supply gap would be made up once the plant resumes operations.
‘We have an industrial all-risk insurance policy which covers loss of profit as well,’ Gopal said.
Loss of profit policies cover the risk of disruption in operations and the consequent profit loss. He said United India Insurance is the insurer of the plant.
According to Gopal, the plant’s personnel are engaged in distributing relief material to the affected local community.
‘We have offered the district administration to provide drinking water and other necessities over the next few days,’ Gopal added.
Commissioned in 2009, Chemplast Sanmar’s Cuddalore plant has an annual capacity of 170,000 tonnes.
The company’s aggregate annual PVC manufacturing capacity, taking into account its Mettur plant in Tamil Nadu, stands at 235,000 tons. It is one of the largest PVC players in India.