COLOUR-CHEM SWAPS INDENT BUSINESS WITH CLARIANT (I)
Article Abstract:
Clariant (India) has transferred its pigments and additives business to Colour-Chem. Colour-Chem has transferred its masterbatches business to Clariant (India). Colour-Chem has stated that there is no transfer of assets. The value of the business transferred to Clariant (India) is about Rs4-5 crore, inclusive of Rs0.15-0.20 crore of the other income. Clariant (India) will look after the business of process and performance (P&P) products and masterbatches. Colour-Chem will look after fine chemicals, pigments, cellulose ethers and polymerisates and surfactants and toll manufacture of textile dyes for Dystar Ltd and process and performance. (rk) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SOLUTIA TO TAKE OVER CHEMICAL BUSINESS FROM MONSANTO Cos
Article Abstract:
Solutia Chemicals (India) Private Ltd (SCIPL) is taking over the speciality chemicals business of two Monsanto subsidiaries in India. Monsanto Chemicals of India Ltd (MCIL) which manufactures heat transfer fluids, thermal fluids and aviation hydraulic fluids has business worth Rs4 crore. Monsanto Enterprises Pvt Ltd (MEPL) which makes coatings and performance chemicals and Safelex plastic inter-layer for windscreens has business worth Rs16 crore. SCIPL is a 100 percent subsidiary of Solutia Inc which was formed when Monsanto hived off its chemicals business. Monsanto has 40 percent stake in MCIL and 100 percent stake in MEPL. (rk)(m)
Comment:
Solutia Chemicals (India) Private Ltd (SCIPL) is taking over the speciality chemicals business of two Monsanto subsidiaries in India.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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