Shree Vallabh Chemicals unit will provide cost synergies, says Sharma
Godrej Industries’ Chemicals Business http://godrej.com today announced the signing of a business transfer agreement with Shree Vallabh Chemicals Unit II (Kheda), with the intention to acquire their Ethoxylation Unit II https://www.shreechem.in/ .
As a leading player in Oleochemicals, Surfactants, Specialities and Biotech, this transaction will help the company expand its product offerings by adding the Ethoxylation technology to its portfolio of process and batch technologies https://www.nseindia.com/ .
“Aligned with our commitment to growth and innovation, the proposed acquisition of the unit will aid us in expanding our offerings and also cater to new applications for our customers,” said Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) https://www.bseindia.com/ .
“By enabling us to accelerate the investment timeline, we are confident that it will also provide us with various cost synergies https://chemicals.gov.in/ .”
Located at Kheda, Gujarat, the Shree Vallabh Ethoxylation unit II has a manufacturing capacity of 24,000 MTPA of finished products https://sbi.com.in/ .
Godrej Industries (Chemicals) is one of the oldest businesses of the Godrej Group, established in 1963. Fiinews.com
