Business Daily from THE HINDU group of publications
Friday, Sep 08, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Mergers & Acquisitions
Chemplast Sanmar acquires PVC pipes biz

Our Bureau

Chennai, Sept. 7

Chemplast Sanmar Ltd, the flagship company of the Chennai-based Sanmar Group, has acquired the PVC pipes businesses of Polytrusions Pvt Ltd and Vinplex Pvt Ltd. The manufacturing facilities of these two companies combined have the capacity to produce around 25,000 tonnes per annum of pipes, according to a communication from Chemplast Sanmar to the stock exchanges.

Polytrusion is a Rs 100-crore company established in 1986 by a group of technocrats who had earlier worked in the plastics industry. Vinplex is a sister concern of Polytrusions. For Chemplast, the acquisitions would be a forward integration, since the company is putting up a greenfield PVC resin manufacturing unit at Cuddalore.

More Stories on : Mergers & Acquisitions | Plastics

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
PMCI platinum hunt back on rails


Essar's Vadinar terminal to be commissioned by month-end
CLB order on Halida Petro by October
Kirloskar Computer Services' plea dismissed
ICAI to draft CA curriculum for UAE
Star Paper Mills: `Asset rejuvenation plan by mid-2007'
Sizzling days for M&A closer home too
Adlabs Films to acquire 51 pc in Synergy Communication
Royal Philips Electronics eyes acquisitions in emerging markets
Media West picks up 60 pc stake in UNI
Grasim acquires cement unit in HP
Chemplast Sanmar acquires PVC pipes biz
Sangam shareholders to meet on Sept 10
Tata Tea to raise more funds
ACC plans Rs 1,000-cr capacity expansion
Priyadarshini Spg hires Technopak
RBI issues norms for financial entities investing abroad
Hindalco gets relief in CESC supply issue
Oyzterbay plans joint venture with German co
Brigade in pact with Banyan Tree Hotels
SIV assets sold for over double the upset price
Rs 124-cr wage arrears package cleared for 15 sick CPSEs
Cairn working on apt mode to disclose reserves
Bayer Diagnostics shareholders await special `interim' dividend
MRPL losing interest in PMT oil?
PMT venture plans further capacity expansion
ONGC okays Rs 2,305-cr grant for Mumbai Heera fields


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line