Tata Chemicals has initiated an ambitious expansion plan amounting to Ksh2.4 billion to drive the growth of the multimillion-dollar company. Despite facing challenges such as the global economic downturn, CEO Subodh Srivastav stated that the export-oriented company has devised comprehensive strategic measures to safeguard its workforce of 490 employees and 800 contractors from widespread layoffs, particularly during the past five years marked by a decline in business, exacerbated by the COVID-19 pandemic.
Subodh emphasized that the company intends to invest Ksh 2.4 billion into its operations in Kenya, with the goal of achieving double-digit growth over the next five years. A portion of this investment will be allocated to upgrading the technology at the Magadi plant.
Additionally, Tata Chemicals owns the Kajiado Town Depot, which serves as a warehouse for their products transported via the railway line to Mombasa. The company operates on a vast 224,991-acre piece of land and extracts soda ash from Lake Magadi.
Source: KBC
