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Para Toluene Sulfonyl Chloride 99% Stable (PTSC) SUNSHIELD
CoLorANTS INDuSTrY Calcium Fluoride (Fluorspar) 95-99 % C H E M I C A L S L T D
Heubach GmbH fi les for insolvency, shaking
Potassium Formate Solution/Powder
up global pigment markets Improving performance through Science
Dimethyl Amine Solution
Heubach GmbH, a leading global sized enterprises here in India, who have gins brought about by the over-capacity Specially Formulated Products For Diverse Industries
Sodium Acetate Solution
producer of pigments, has filed an been regular suppliers of pigments and in the industry globally, and especially
application for the opening of regular intermediates to the Heubach Group. in China. Weak demand, in part due the SURFACTANTS
insolvency proceedings over its assets Many are worried about the fate of pay- slowdown in China, as also in Europe, Ethylene Oxide and Propylene Oxide Condensates of
Contact:
with the competent insolvency court in ments due to them for supplies made have also contributed to grim market
Aarti Drugs Ltd
Braunschweig (Germany) and, at the over the last several months, and to conditions. Alkyl phenols: > Nonyl Phenol > Octyl Phenol > Styrenated Phenol
Mahendra Industrial Estate, Ground Floor, Road No 29,
Email: nitin@bomengg.com / bomenggwrks@gmail.com
same time, applied for the jurisdiction future supplies. Plot No 109-D, Sion East, Mumbai 400022. w Mobile: +91-9136988221 Fatty Alcohols: > Lauryl Alcohol > Cetostearyl Alcohol > Tri Decyl Alcohol
M: 9820081641 / 51
24 x 7 Helpline: 09920545507
It may be recalled that in mid-2021,
of the Braunschweig insolvency court Email: gala@aartidrugs.com, sales.chemicals@aartidrugs.com
Visit us at : www.bomengg.com
as the group court for the German sub- The insolvency declaration has, how- Clariant announced that it had reached > Specialty Synthetic Alcohols
Freesia Chemicals
group of the Heubach Group. The court ever, had a positive impact on the shares definitive agreements for the divest- Fatty Amines: > Oleyl Amine > Stearyl Amine > Tallow Amine > Coco Amine
MANuFACTurErS & EXPorTErS oF
is expected to appoint an insolvency of other pigment producers, notably ment of its Pigments business to a
HIGH PURITY MOLYBDENUM COMPOUNDS
administrator to examine the possibility Sudarshan Chemicals, based in Pune. The consortium of Heubach Group and SK Fatty Acids: > Stearic Acid > Oleic Acid
16, Udyog Kshetra, Mulund Goregaon Link Road, Mulund (West),
Ammonium Heptamolybdate
ISO 9001: 2015
of continuing business operations and company is the third largest pigments Capital Partners at an Enterprise Value Vegetable Oils: > Castor Oil > Groundnut Oil > Soyabean Oil
Ammonium Dimolybdate CERTIFIED
Mumbai 400 080. Maharashtra, INDIA.
Sodium Molybdate
Various grades available:
possible options for restructuring and/or producer in the world, after DIC and (EV) of CHF 805-mn to CHF 855-mn
Potassium Molybdate
Tel.: +91-22-25689889 / 25689890 / 25652479
• AR Grade
Molybdic Acid
•
selling the business in due course. Heubach. “Heubach’s insolvency shall on a cash and debt free basis, depen- OTheR SPeCIAlTy eThOxylATeS
Phosphomolybdic Acid ACS Grade
Email: freesia.chemicals37@gmail.com l Web.: www.freesiachem.in
• LR Grade
Molybdenum Trioxide
• Pharmaceutical Grade
create a void in the interim period during ding on an earn-out payment of CHF
Lithium Molybdate
Manufacturer and Supplier of Chemicals
• Agriculture Grade
Zinc Molybdate
• Pigment Grade
With the step announced, the Group which Sudarshan can strengthen its market 50-mn contingent on the 2021 fi nancial THEIC > For Insulation wire enamels and as secondary PVC stabilizer
Calcium Molybdate
is reacting to the threat of over-indebted- presence across the exports market. performance of Clariant’s Pigments HQEE > Chain extender for Polyurethane
Specialized in:
Freesia Chemicals is ISO 9001:2015 Certifi ed Company.
• Global Quality Standards
ness in the context of rapidly changing Even if Heubach comes out of insolvency, business. At the time of closing of the
• Timely delivery
Manufacturers of Fine Chemicals with High Purity and
• Tailor-made specifi cation
fi nancial markets of the past two years Sudarshan can gain some irreversible transaction, Clariant was to reinvest to Poly oxypropylene and Poly oxyethylene derivatives of
• Packing as per International standards & as per user`s
Prompt Services
requirement: from 1kg to 1000 kg
and the unsuccessful attempt of achieving market share. Sudarshan’s speciality become a 20% shareholder alongside > Fatty Alcohols > Glycerin > EO PO Block co-polymers
• Innovative R & D
CAS No.
Product Name
Export Inquiries Solicited
a fi nancial restructuring with all share- portfolio is also strengthened in recent Heubach and SK Capital in the ultimate
CYCLOPENTANONE
120-92-3
holders and lenders. “Respective times with new products and valida- holding company. ANTIOxIDANTS
Heubach companies are working to meet tions/approvals thereof,” said Centrum Aminic Antioxidants > For Lubricants > Rubber and > Polymer Applications
The combined business, operating
CYCLOPENTANOL
96-41-3
their obligations to employees, customers Broking in a note. Corp. Office: 01/02, C-Wing, New Tulsi Villa,
Bajaj Road, Vile Parle (W), Mumbai - 400 056, India.
Mobile: +91-9323416163 / +91-22-26703247 a global
and suppliers within given financial under the Heubach name, was > Nonylated Di Phenyl Amine > Octylated Butylated Di Phenyl Amine
Email: bhavin@grishmametal.com
possibilities and legal framework,” the The Heubach Group’s fi nancial per- pigments player with approximately
Website: www.grishmametal.com
company said in a statement. 137-43-9 > Styrenated Di Phenyl Amine > Di Octylated Di Phenyl Amine
CYCLOPENTYL BROMIDE formance has been weighed down by the 3,000 employees generating more than
TJk Speciality N Fine Chemicals
CYCLOPENTYL CHLORIDE debt taken on to fi nance the acquisition €900-mn in annual sales and strong > Cumylated Di Phenyl Amine
930-28-9
The move has stunned the markets,
of the pigments business of Clariant, and service and production capabilities
Manufacturer & Exporters of: All Hydrazine Derivatives, API, Intermediates,
particularly many small and medium the pressure on product pricing and mar- across the globe. UReA FORmAlDehyDe ReSIN
Stains, Indicators, Dyes, Speciality & Fine Chemicals
CYCLOPENTYLAMINE 1003-03-8 An ISO 9001:2015 Certifi ed Company Water Insoluble > For application in specialized coating application
Tel: +91-9833099044 / 9833700090 / 8657862689
Web: www.tjkchemicals.in
DoCuMENT Email: info@tjkchemicals.in; sales@tjkchemicals.in; urvashi@tjkchemicals.in
111-24-0
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132 Chemical Weekly May 7, 2024 Chemical Weekly May 7, 2024 133
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