Page 138 - CW E-Magazine (16-7-2024)

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EXPANDING CAPABILITIES

Godrej Industries to acquire ethoxylation unit

of Shree Vallabh Chemicals in Gujarat

Godrej Industries Ltd.’s chemicals
business unit has signed a business
transfer agreement with Shree Vallabh
Chemicals to acquire its ethoxylation
unit II at Kheda in Gujarat, entailing an
estimated investment of Rs. 45-crore.

The ethoxylation unit has a manu-
facturing capacity of 24,000-tpa of
fi nished products, a stock exchange
fi ling from the company informed.

As a leading player in oleochemi-
cals, surfactants, specialities and bio-
tech, this transaction will help the com-
pany expand its product offerings by Mr. Vishal Sharma, Executive Di- offerings and also cater to new applica-
adding the Ethoxylation technology to rector and CEO, Godrej Industries tions for our customers. By enabling
its portfolio of process and batch tech- (Chemicals) said, “Aligned with our us to accelerate the investment time-
nologies, it added. commitment to growth and innova- line, we are confi dent that it will also
tion, the proposed acquisition of the provide us with various cost syner-
Commenting on the development, unit will aid us in expanding our gies.”

Privi Speciality Chemicals’ Mahad expansion project

gets ‘Ultra Mega Project’ status

Mumbai-based aroma and fragrance
chemicals fi rm, Privi Speciality Chemi-
cals, has received a communication from
the Industries, Energy, Labour and Mining
Department, Government of Maharashtra,
as per which the Maharashtra Government
has conferred the status of ‘Ultra Mega
Project’ to the company’s proposed
expansion project at its Mahad site
(Raigad, Maharashtra) under the Package
Scheme of Incentive Policy, 2013 (PSI
2013). The project involves manufacture
of synthetic aroma chemicals used in expansion project would be entitled to Mahad and Jhagadia (Gujarat). The
fl avour and fragrance industries. incentives like exemptions from pay- company started manufacturing aroma
ment of electricity and stamp duties and chemicals in 1992 with only two pro-
Subject to compliance with the con- industrial promotion subsidy. ducts, which it gradually expanded to
ditions set out in PSI 2013, the PSI let- a range of over 50 products today, having
ter received from the government and Privi operates state-of- the-art in- a capacity of over 40,000 tons per
other applicable laws, the proposed tegrated manufacturing facilities at annum, as per the company’s website.

138 Chemical Weekly July 16, 2024

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