India calcium carbonate, sorbitol producers merge
14 February 2008 17:40 [Source: ICIS news]
NEW DELHI (ICIS news)--India’s largest calcium carbonate producer Gulshan Sugar & Chemicals (GSCL) will merge with sorbitol producer Gulshan Polyols Limited (GPL), the two companies said on Thursday.
Both companies belong to Gulshan group which includes another calcium carbonate producer Gulshan Chemfill Limited (GCL). The merger proposal was approved separately by the respective boards of directors.
Neither GSCL nor GPL disclosed the merger rationale. Both boards accepted PricewaterhouseCooper's advice on the merger.
GSCL, which no longer produces sugar, produces 90,000 tonnes/year of precipitated and activated calcium carbonate grade at Muzaffarnagar in
GPL operates 30,000 tonnes/year of sorbitol capacity in the Bharuch district of Gujarat for use in the manufacture of pharmaceuticals and cosmetics.
By: Naresh Minocha
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| China Market Intelligence |
|
|
| Free White Paper (Jan 2011) |
|
Understand the key issues facing the industry in 2011 and 2012 to help you plan and budget effectively. Download it now >> |
Related Articles
- 05 Aug 08 23:23 Corn must go lower for cheaper sorbitol - producer
- 23 Jul 08 20:02 Falling corn may not cheapen sorbitol - producer
- 16 Jul 08 10:24 Asia sorbitol outlook bleak on glycerine fall
- 30 Jun 08 17:30 EC investigates Evonik over calcium carbide cartel
- 26 Jun 08 01:48 US sorbitol may rise 10% if corn prices hold
- 17 Jun 08 16:46 India's GPL sets up Gujurat polyester project
- 11 Jan 08 06:44 Yunnan Salt and Chemical to turn around PVC unit
- 13 Nov 07 10:51 Pure Chem to close Thailand sorbitol plant
- 13 Sep 07 20:39 French Roquette builds isosorbide plant
Latest News
- 16 May 12 23:59 Europe MDI prices stable to up in May on costs, market balance
- 16 May 12 23:29 Biofuel to become viable airline option by 2025 – executive
- 16 May 12 23:05 German chem union leader urges EU growth strategy to fight crisis
- 16 May 12 23:05 US architectural survey falls into negative territory for April
- 16 May 12 22:39 EVENING SNAPSHOT - Americas Markets Summary