Page 136 - CW E-Magazine (23-7-2024)

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SURFACTANTS PLAY

Adani Wilmar buys controlling stake in Gujarat-based

Omkar Chemicals

Adani Wilmar Ltd. (AWL) has an-
nounced the acquisition of a 67 percent
stake in Omkar Chemicals Industries
Pvt. Ltd. (OCIPL), a Gujarat-based
speciality chemicals fi rm.

AWL, a joint venture between
Adani Group and Singapore’s Wilmar,
is a leading player in oleochemicals
and one of the largest food-FMCG
companies in India.

In a stock exchange fi ling, AWL personal care products, food additives, is a strategic focus for us, in line with
said it has signed a share purchase plastics & polymers, agrochemicals, the focus of our co-promoter Wilmar
agreement with OCIPL for an enter- and lubricants & petrochemicals. AWL International which is the world’s larg-
prise value of Rs. 56.25 crore to be currently operates in this sector through est oleochemical manufacturer. We aim
paid in cash. “The acquisition is in line third-party manufacturing and by to bring the diversifi ed product port-
with the company’s strategy to increase importing from Wilmar’s plants,” the folio of Wilmar and its associates to
its presence in the speciality chemical fi ling informed. India to better serve our customers,”
industry,” it added. he added.
“We are pleased to add that these
OCIPL operates a manufacturing specialty chemicals, which represents AWL expects to close the deal in
plant in Panoli, Gujarat, with an further downstream derivatisation of three to four months and it doesn’t need
annual capacity of around 20,000-mt our product portfolio. Through this government or regulatory approvals, it
of surfactants, and is planning to scale acquisition, AWL will immediately es- said in its fi ling.
up its capacity for other products, tablish a production footprint and capa-
AWL said. bilities that will allow us to better meet In FY2023-24, OCIPL reported a
customer requirements,” said Mr. Saumin turnover of Rs. 13.95-crore. Its plant
“The speciality chemicals mar- Sheth, Chief Operating Offi cer of commenced operations in FY2023-24
ket presents a signifi cant opportunity AWL. “Downstream derivatisation of and its capacity utilisation was below
across diverse sectors such as home & our basic oleochemicals in select areas 10 percent.

PRODUCT PREMIERE
Rajoo Engineers launches high-performance blown

fi lm line

Rajoo Engineers, a leading manu- Multifl ex Pvt. Ltd. has a capability to and high yield. “This high- performance
facturer of plastics processing equip- produce fi lm at a speed of 900-kg/hr, blown fi lm line exemplifi es that we can
ment, hosted an exclusive, invite – only with 22-micron thickness and 2,800-mm achieve world-class quality through
event on July 4 & 5, 2024 in Rajkot, lay-fl at width. Indian ingenuity and innovation, said
to mark the launch of a range of Mr. Pranav Bhalara, Director, Balaji
machines for blown fi lm extrusion. The The extruders, with low shear heat Multifl ex Pvt. Ltd., where the machine
line in commercial production at Balaji design, have optimal energy effi ciency was unveiled.

136 Chemical Weekly July 23, 2024

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