SENSEX NIFTY
Clariant Chemicals India > Company History > Dyes & Pigments > Company History of Clariant Chemicals India - BSE: 506390, NSE: CLNINDIA
YOU ARE HERE > MONEYCONTROL > MARKETS > DYES & PIGMENTS > COMPANY BACKGROUND - Clariant Chemicals India
Clariant Chemicals India
BSE: 506390|NSE: CLNINDIA|ISIN: INE492A01029|SECTOR: Dyes & Pigments
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Aug 22, 16:20
897.20
-1.95 (-0.22%)
VOLUME 5,930
LIVE
NSE
Aug 22, 16:20
900.20
1.8 (0.2%)
VOLUME 9,477
Company History - Clariant Chemicals India
YEAR                       EVENTS
 1957 - 17,500 shares subscribed for by directors, etc. 15,500 shares
 
        issued to collaborators.
 
 1958 - The Company was Incorporated on 27th December at Mumbai.  The
        Company Manufacture pigments, pigment emulsions, dispersions,
        binder materials, thickeners, chemicals, dyes and manures.
 
 1959 - 32,500 Rights share issued in prop. 1:1.
 
      - In April 1959, 35,000 shares offered at par to the public.
 
 1962 - In Aug. 1961, 5,500 shares each issued to two collaborators.
        14,000 Rights shares offered at par to resident shareholders
 in
        prop. 1:5.
 
 1966 - 50,000 Bonus shares issued in prop. 2:5.
 
 1969 - 1,00,000 Bonus shares issued in prop. 4:7.
 
 1974 - 1,37,500 Bonus shares issued in prop. 1:2.
 
 1976 - 1,54,687 Bonus Equity shares issued in prop. 3:8.
 
 1979 - 2,26,874 Bonus Equity shares issued in prop. 2:5.
 
 1980 - The Company proposed to subscribe to the rights shares
 offered
        by Haycolour Ltd., of the face value not exceeding S.L. Rs 16
        lakhs (equivalent to about Indian Rs 7.3 lakhs).
 
 1982 - Kundalika Investments Ltd., became a subsidiary of the
 Company
        during the year.
 
      - The Company jointly promoted `Vanavil Dyes and Chemicals, Ltd.
    
        (VDCL) along with Tamilnadu Industrial Development
 Corporation, 
        Ltd. and Tamilnadu Handloom Weavers Co-operative Society Ltd.
    
 1983 - Haycolour Ltd's., operations were affected due to ethnic
 problems
        in Sri Lanka.
 
 1987 - A BON acid plant with an installed capacity of 300 tonnes
 annum
        at Roha factory went on stream during the year.
 
 1988 - An agreement was reached with TIDCO and TNHWCS to transfer
        6,23,000 shares of Rs 10 each out of 6,24,000 shares held
 jointly
        by them in VDCL in the name of Colour Chemicals Ltd., at a
 price
        of Rs 24.67 per share.  There was an increase in the equity
        shareholding of the Company in VDCL to nearly 51% thereby
 making
        it a subsidairy.
 
      - Farbenfabriken Bayer A.G. Leverkusen, West Germany and
 Farbwereke
        Hoechst A.G. Frankfurt, West Germany were the
        technical-cum-financial collaborators of the Company since
 its
        inception.
 
      - The technical agreements signed by Bayer AG with the Company
        stood terminated by mutual consent effective from 31st July,
        1989.
 
 1990 - The Company launched the indenting business during the year.
 
      - Necessary approvals were received for the manufacture of oil
 and
        well chemicals with a capacity of 5,000 tonnes per annum at
 the
        Roha plant.
 
      - The Company issued 14% non-convertible debentures of an
 aggregate
        value of Rs 400 lakhs on a private placement basis with the
 UTI.
 
 1991 - Effective from 4th June, the Company was forced to suspend
 its
        operations at the Roha work due to intermittent work stoppage
        and frequent agitation by the workmen.
 
      - On 26th June, the Company declared a lock-out at its Roha
 plant.
        The lock-out was lifted on the 29th July, 1991 on the
        intervention of the Industrial Court, Thane.
 
 1992 - 1,68,000 No. of Equity shares allotted (prem. Rs 60 per share)
 to
        Hoechst AG to increase its holding from 40% to 50.52% in the
        Company.
 
 1993 - The Company incurred a capital expenditure of Rs 14.65 crores
 on
        programme of modernisation and upgradation of manufacturing 
        facilities.
 
      - As on 31st March, the Company held all the 2,50,000 No. of
 Equity
        shares of Rs 10 each fully paid-up of this subsidiary.
 
      - Vanavil Dyes & Chemicals Ltd., is also a subsidiary of the
        Company with a holding of 12,22,934 No. of equity shares of Rs
 10
        each out of 24,00,000 No. of equity shares issued as on 31st
        March.
 
      - The Company undertook to enter into a joint venture in Sri
 Lanka
        to manufacture pigment emulsions and dispersions for textile
        printing in collaboration with Hyaleys Ltd. of Colombo.  For
 this
        purpose a new company under the name Haycolour Ltd., was
        incorporated in March 1980 as a private limited company in
 Sri
        Lanka.
 
      - Approval of the Indian Government was received for
 subscribing
        to 40% of the equity capital of Haycolour Ltd., i.e., Sri
 Lanka
        currency Rs 24 lakhs (equivalent to Indian Rs 12.13 lakhs). 
 The
        Company was appointed the technical consultants of Haycolour 
        Ltd., for an initial period of 10 years.
 
      - During March, 1,92,572 Rights equity shares were issued
 (Prem.
        Rs 500; Prop. 1:5) (all were taken up).  Another 9,567 shares
        (Prem. Rs 500) were offered to employees' all were taken up.
 
 1995 - The Company augmented the capacities for Azo pigments through
 the
        modernisation of existing facilities and the installation of
        state-of-the-art equipment for drying and handling of
        semi-finished products.
 
      - The Company diversified into a new business by producing and
        marketing laminating adhesives for the packaging industry. 
 The
        Company incurred an aggregate capital expenditure of Rs 20.03
        crores.
 
 1996 - The range of auxiliary chemicals for the textile industry was
        upgraded by the introduction of new high performance
 production
        while some eco-friendly products were added to the range
 pigment
        emulsions for the textile printing industry.
 
      - Semi-automatic filling and packaging systems were installed
 at
        various plants thus reducing manual work.
 
 1997 - The domestic leather chemicals business was adversely
 affected
        due to lower demand in the local market.
 
      - It entered into a toll manufacturing agreement with DyStar
 India
        effective from September.
 
 1998 - With improve business of laminating adhesives, a separate 
        division cellulose ethers & polymerisates was set up in June.
 
      - The company has recently commissioned its project for the
        manufacture of Mowilith emulsions at its plant in Roha.
 
      - While Hoechst Ag (on behalf of Clariant International) holds
        around 50.1 per cent in ColourChem, the remaining is shared
        between banks, financial institutions and investment
 companies
        (22.8 per cent), mutual funds (1.5 per cent), FIIs (6.4 per
        cent) and the public (19.2 per cent).
 
 1999 - Colour-Chem is entering into a Rs 29-crore capital
 expenditure
        for calendar 1999.
 
      - The company successfully implemented a Voluntary Retirement
        Scheme (VRS) during the quarter ended December 1998.
 
      - The company had offered VRS for the first time in its 42-year
        history to its employees in two instalements during the year
        and 443 employees opted for the scheme leading to a 27 per
 cent
        reduction in a manpower.
 
      - Colour-Chem Ltd. has recently launched Movicoll, a wood
 adhesive
        making its entry into consumer products.
 
      - Colour-Chem is among the top companies in every sector to
        operate in an has enjoyed technological support of Hoechst AG
        and Bayer and AG from the beginning.  It has also pioneered
        production of pigments and diketene in India and was also one
        of the first chemical company to obtain the ISO
 certification.
 
      - The company is also in the process of shutting down its
 marketing
        office in Khaitan Bhawan in Mumbai.
 
 2000 - Colour Chem Ltd, a subsidiary of the Swiss chemicals giant
 Clariant International Ltd,
              has ruled out the possibility of getting merged in India
 with its parent, even though
              globally their merger had taken place.
 
 2002
 
 -A Minority Share Holder of CCL lodged a complaint  with Sebi in
 connection
 with the avoidance of open offer by Switzerland based Clariant 
 International.
 
 -Sebi orders to make open offer to the share holder at Rs.320 per
 share with
 this scrip price raised in the market.
 
 -Clariant International appeal with SAT against SEBI's order for open
 offer.
 
 2003
 
 -Securities Appellate Tribunal directs Clariant to pay interest to
 Chem investors.
 
 -Color Chem and EBITO Chemiebeteikigungen AG, along with Clariant
 International and Clariant AG, decide to make open offer to acquire
 9.86lakh shares in Vanavil Dyes.
 
 -Board elects Mr P Linder as the Chairman of the company.
 
 2005
 
 -SBC Securities and Capital Markets (India) Private Limited (Managers
 to the Offer) have informed regarding the Public Announcement being
 issued by them regarding the Open Offer to acquire upto 23,30,000
 fully paid equity shares (representing 20% the paid up equity share
 capital) of Rs.10 each of Colour-Chem Limited (CCL) at a price of
 Rs.318/- per share in cash by EBITO Chemiebeteiligungen AG (the
 Acquirer or EBITO) along with Clariant International (CIL) and
 Clariant AG (Persons Acting Concert). The Revised Time Schedule for
 major activities for the Offer is as follows : 1) The specified date
 (for the purpose of determining the names of shareholders to whom the
 Letter of Offer would be sent) is April 29, 2005; 2) The offer opening
 date is June 08, 2005; 3) The Offer Closing Date is June 27, 2005.
 
 2006
 
 -the name of Colour Chem Ltd. shall be changed to Clariant Chemicals
 (India) Limited and the trading symbol of the company be changed from
 COLORCHEM to CLNINDIA w.e.f. June 5, 2006.
 
 -Company has changed its name from Colour-Chem Ltd. to Clariant
 Chemicals (India) Ltd.                                            
                                                           
 2008
 
 -Clariant Chemicals (India) Ltd. launched its New Paper Service
 Centre at Kolshet, Thane.
 
 2009
 
 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs
 Manufacturers Association of India (DMAI) for 'Excellent Performance
 in Pollution Control by a Large Scale Unit for 2008-2009'.
 
 - The Leather Business of Clariant Chemicals (India) Ltd. launched
 new generation products for processing and dyeing.
 
 2010
 
 -Clariant Chemicals (India) Limited’s Roha site won the ‘Vasundhara
 Award - 2009
 
 -Clariant Chemicals (India) Limited’s Industrial & Consumer
 Specialties Business was awarded with the Frost & Sullivan 2010 India
 Excellence Award.
 
 --Registered Office of the Company has been shifted from Ravindra
 Annexe, 194 Churchgate Reclamation, Mumbai - 400 020 to Kolshet Road
 P.O. Sandoz Baug, Thane 400 607
 
 2011
 
 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs
 Manufacturers Association of India (DMAI) with two Awards: One
 for‘Excellent Performance in the field of Pollution Control by a
 large Scale Unit for the year 2010-2011 and the other for Excellent
 Performance in the field of Safety & Hazards Control by a Large Scale
 Unit for the year 2010-2011.
 
 -Clariant Chemicals (India) Limited has announced that its Industrial
 & Consumer Specialties Business (ICS) has launched a new Consumer Care
 Laboratory at their Kolshet site in Thane, Mumbai.
 
 2012
 
 -Clariant Chemicals (India) Limited opens new Crop Protection
 Laboratory in Thane.
 
 -Clariant Chemicals (India) Limited wins National Safety Council
 Award in Maharashtra.
 
 
 
 
Source : Dion Global Solutions Limited
Quick Links for Clariant Chemicals India
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.