Page 144 - CW E-Magazine (1-4-2025)

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DIVERSIFICATION

Mitsubishi Chemical Group eyes entry into semi-

conductor and EV supply chain markets in India

Japan’s Mitsubishi Chemical
Group is eyeing entry into the semi-
conductor and electric vehicles (EVs)
supply chain markets in India to ex-
pand its presence. The group is look-
ing to tie up with partners to enter PRODUCT RANGE
the markets, which have huge poten-
tial to grow in the country.

“We have a polypropylene (PP)
business in Neemrana (in Rajasthan)
and an industrial gas business in
Pune. We also have some compound-
ing business in Gujarat.

Those are the production sites
so far in India. But we are trying to
fi nd out some occasions to come to bishi Chemical Group, said while yet identifi ed the locations for the new
this market again to expand our exis- talking to reporters on the sidelines projects to manufacture semiconduc-
tence together with some partners,” of an event organised by The Bengal tor and EV supply chain products. And,
Mr. Manabu Chikumoto, Director of Chamber of Commerce and Industry investment for the proposed greenfi eld
the Board, President and CEO, Mitsu- to felicitate him. The group has not projects would depend on the products.
UP THE LADDER

L&T promotes Subramanian Sarma to Deputy Managing

Director & President

Diversifi ed conglomerate, Larsen & and his term period has also been ex- strengthen L&T’s growth trajectory,”
Toubro (L&T) has announced that tended to February 3, 2028. “Mr. Sarma said Mr. S.N. Subrahmanyan, Chair-
Mr. Subramanian Sarma, the company’s has been instrumental in transforming man & Managing Director of L&T.
full-time Director and President, has our Hydrocarbon and Energy busi- A graduate in chemical engineering,
been promoted to Deputy Managing nesses, driving innovation, operational Mr. Sarma completed his master’s
Director and President. As per a stock excellence, and global competitiveness. from IIT Mumbai. He has over 40 years
exchange fi ling, Mr. Sarma’s appoint- His elevation is well deserved, and I am of experience, with 30 years being in
ment will be effective from April 2, 2025, confi dent that his leadership will further the Middle East.

Sirca Paints acquires Wembley brand for Rs. 81.50-cr

New Delhi-based Sirca Paints India Ltd. and Wembley Sales Corporation
Ltd. (SPIL) has agreed to acquire the by entering into a business transfer
business undertaking of the ‘Wembley agreement.
Group’ including Wembley Paints and
Chemicals, Indo Wembley Paints Pvt. Sirca Paints will integrate Wem-

144 Chemical Weekly April 1, 2025

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