Page 146 - CW E-Magazine (1-4-2025)

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bley’s full range of products, includ- Mr. Sanjay Agarwal, Managing Direc- The acquisition will assist in to
ing thinners, wall paints, enamels, tor of Sirca Paints said, “This acquisi- penetrating deeper into untapped
NC (nitrocellulose), melamine, and tion aligns with our vision to expand markets”.
other coatings, into its portfolio. our product offerings and cater to a
This move is expected to boost Sirca wider customer base. Brand “Wem- The deal does not include the manu-
Paints’ top line by an additional bley” has a strong legacy of last 40 facturing facilities of the Wembley
Rs. 100-crore. years, and we are excited to integrate Group, but includes the exclusive right
its high-quality products into Sirca’s of SPIL to use intellectual property
Commenting on the acquisition, portfolio. belonging to the acquired businesses.

Bhilwara Energy plans rPET resin plant in Rajasthan

Bhilwara Energy Ltd. has an-
nounced a Rs. 750-crore investment
plan to set up a rPET resin manufac-
turing plant in Rajasthan. rPET resin
manufacturing plants recycle post-
consumer PET bottles into rPET resin,
which can be used to create new
bottles or other products.

Spread over an area of 95 acres, the
project will have a capacity to recycle
20-million PET bottles per day and
produce 100 kilo tonnes food grade
rPET resin annually, Bhilwara Energy
said in a statement.

The project is slated for operational
commencement by September 2026.

The company’s MD Mr. Riju Jhun-
jhunwala said, the business-to-business
project is expected to host the most ciency, and global compliances. Bhil- innovation across clean energy, energy
advanced, cutting-edge recycling tech- wara Energy is a key player in India’s storage, and battery pack solutions for
nology to ensure superior quality, effi - renewable energy landscape, driving electric vehicles.

L&T signs pact to build desalination plant in Saudi Arabia

Larsen & Toubro (L&T) said it L&T said in a statement. The plant
has entered into a pact with ACWA will serve as a drinking water source
Power, a developer in the Middle for Makkah Al-Mukarramah and Al-
East, to build a desalination plant in Baha regions, benefi ting about one
Saudi Arabia. The water and effl uent million population.
treatment business of L&T won the
order in a joint venture with Lantania This is the second desalination
of Spain. order that L&T has received in Saudi
Arabia in the recent past and it
The project’s scope includes de- ing and commissioning of a seawater strengthens the company’s presence
sign, procurement, construction, test- reverse osmosis desalination plant, in the Middle East.

146 Chemical Weekly April 1, 2025

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