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CPMA Member Companies News - Chemplast


Chemplast Sanmar plans $300 million investment to turn around Egypt business

livemint.com, 4th May 2017

In a bid to turn around its business in Egypt where it has invested $1.2 billion in eight years, Chemplast Sanmar will infuse an additional $300 million in the country, a top company executive said............... Read More



Chemplast Sanmar to invest ₹425 crore in expansion

thehindubusinessline.com, 6th Mar 2017 

Chemplast Sanmar Ltd, the flagship of the Chennai-based diversified Sanmar Group, has announced a ₹425-crore expansion-cum-diversification plan................ Read More



Factory Day

thehindu.com, 6th June 2016 

Distribution of long service awards marked Factory Day celebrations at the Chemplast Sanmar Limited Plant 3, Mettur, on Saturday................ Read More


National Safety Day observed

 thehindu.com, 8th March 2016  

Oath taking and special address on safety marked the National Safety Day observance at the Mettur Chemplast Sanmar Limited recently................ Read More


Fairfax to buy large stake in Chennai-based Sanmar
timesofindia.indiatimes.com, 11th February 2016
Billionaire Prem Watsa's Fairfax Financial is in talks to buy a large stake in the holding company of the Chennai-based Sanmar Group, owned by brothers N Sankar and N Kumar. The proposed transaction involves Fairfax acquiring some of the existing debt of the company and infusing equity into the promoter of Chemplast Sanmar, the flagship of the $1-billion conglomerate, said a person with knowledge of the matter................ Read More

Firm bags award
thehindu.com, 2nd November 2015
Mettur Chemplast Sanmar won the FICCI (Federation of Indian Chambers of Commerce and Industry) Award for the 'Most environment-friendly company in chemicals sector'................ Read More

Factory day observed
thehindu.com, 7th June 2015
Distribution of long service awards marked the Factory Day celebrations at the Mettur Chemplast Sanmar Limited Plant 3 here on Thursday................ Read More

Factory Day celebrated
thehindu.com, 6th May 2015
Distribution of long service awards to the employees marked the 48th Factory Day celebrations at the Mettur Chemplast Sanmar Limited Plant 2 here on Monday.…...…...... Read More

Dumping duty on PVC paste imports from Norway, Mexico
thehindubusinessline.com, 8th April 2015
The Finance Ministry has imposed definitive anti-dumping duty on 'poly vinyl chloride paste/emulsion resin' imports from Norway and Mexico. The petition seeking anti-dumping duty on "Poly Vinyl Chloride Paste/Emulsion Resin"—also called Emulsion PVC Resin"—was filed by Chemplast Sanmar Ltd, Chennai.....….... Read More

National Safety Day observed
thehindubusinessline.com, 6th March 2015
Mettur Chemplast Sanmar Limited observed 44th National Safety Day on its premises on Wednesday by displaying banners, and administration of pledge to its employees.....…...... Read More

Green Tribunal orders restoration of power supply to Chemplast unit
thehindubusinessline.com, 29th Nov 2013
The National Green Tribunal has ordered that power supply be restored immediately to Chemplast Sanmar's industrial alcohol unit....…........ Read More

Chemplast Sanmar plans to sell minority stake for Rs 1,200 crore
The Economic Times, 16th Oct 2013
Chennai-based chemicals maker Chemplast Sanmar plans to sell a minority stake to private equity funds or strategic investors to raise about Rs 1,200 crore, three people aware of the development said....… Read More

Finally, light at end of tunnel for Chemplast
thehindubusinessline.com, 14 July 2012
With investment phase over, wait begins for cash flows to improve. For 40-year-old Vijay Sankar, the slim Deputy Chairman of the group, in the distance he can now see light at the end of a long tunnel. The chemicals business of this Rs 5,500-crore group has gone through some rough times, so much so that its flagship, Chemplast Sanmar, a producer of PVC and piping systems, recently delisted itself from the exchanges. In FY 2012, it posted sales of Rs 2,130 crore and a net loss of Rs 70 crore, even though it made operating profits of Rs 200 crore....…… Read More

Exit price fixed at Rs. 15 for Chemplast Sanmar shares
thehindu.com, April 23, 2012
Chemplast Sanmar announced on Monday that the promoter group (Sanmar Holdings along with Sanmar Group International) has fixed the exit price for the equity shares tendered by the public shareholders at Rs. 15 per equity share (of Re. 1 face value).
The bid opened on April 12 and closed on April 18. The company has stated that all public shareholders who did not or were not able to participate in.... Read More


 
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