Page 136 - CW E-Magazine (3-10-2023)

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LEADERSHIP CHANGES

Ajay Virmani is the new President of Alkali Manu-

facturers’ Association of India

The apex industry body of the
chlor-alkali industry in India, Alkali
Manufacturers’ Association of India
(AMAI), has announced the election
of Mr. Ajay Virmani, Managing Direc-
tor, Lords Chloro Alkali Ltd. as its new
President. Mr. Aditya Shriram, Deputy
Managing Director of DCM Shriram
Ltd. took over as the new Vice President
at the 46th Annual General Meeting of
AMAI held in New Delhi recently.

Mr. Virmani, a chartered accoun-
tant by qualifi cation, and a veteran
of the industry has had long innings
of two decades in the textiles sector
before moving to chlor-alkali indus- From L to R: Mr. Ajay Virmani, Mr. Kapil Malhotra (outgoing President, AMAI & Global
try. Mr. Shriram, with a degree in in- Business Unit Head – Fluoropolymers, Gujarat Fluorochemicals Ltd.) and Mr. Aditya Shriram
dustrial engineering from the Cornell fi ed DCM Shriram group. The AGM a veteran of the chlor-alkali industry.
University and an MBA from the also witnessed the release of a book ti- AMAI represents producers of caustic
London Business School, is heading tled “Caustic Courage: The Memoir of soda, chlorine, soda ash, PVC, CPVC
the chemicals business of the diversi- a Chemical Engineer” by Mr. P N Ojha, and a few other related products.

LEANER STRUCTURE
Manali Petrochemicals announces dissolution of

step-down subsidiary Amchem UK

Chennai-based Manali Petrochemi- In May 2022, Manali Petrochemi-
cals said the dissolution process of its cals informed exchanges that its Board
overseas step-down subsidiary, Am- had taken note of a proposal from
chem Speciality Chemicals UK Ltd. Amchem UK to transfer its net assets to
(Amchem UK), has been completed its holding Amchem Singapore and get
and the said entity stands dissolved itself dissolved. “The proposal aims to
effective September 19. bring down the number of layers of the
company,” Manali Petrochemicals said.
Manali Petrochemicals is into manu-
facturing and supply of propylene cals set up a wholly-owned subsidiary With the dissolution of Amchem
oxide, propylene glycols, and polyols. Amchem Speciality Chemicals Pvt. UK, Notedome Ltd. will now become a
As of March 2023, the company had Ltd., Singapore, to expand its global direct subsidiary of Amchem Singapore
one wholly-owned subsidiary and fi ve footprint and to hold its foreign assets. and continue to be a step-down subsi-
step-down subsidiaries, all of which are The Singapore subsidiary, in turn, had diary of Manali Petrochemicals. Amchem
incorporated outside India. set up Amchem UK in 2016-17, which Singapore also has another UK subsi-
acquired another UK-based company diary Penn Globe Ltd., which it acquired
In 2015-16, Manali Petrochemi- Notedome Ltd. in November 2022.

136 Chemical Weekly October 3, 2023

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