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Henkel SPIC India > Company History > Detergents > Company History of Henkel SPIC India - BSE: 500397, NSE: SPICFINE
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Henkel SPIC India
BSE: 500397|NSE: SPICFINE|ISIN: INE902A01019|SECTOR: Detergents
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Henkel SPIC India is not traded in the last 30 days
Henkel SPIC India is not traded in the last 30 days
Company History - Henkel SPIC India
1987
 
 - The Company was incorporated as a Public Limited Company on 4th
 September.  The Company manufactures detergent grade zeolite and
 zeolite based synthetic detergents, both in powder, as well as in
 bar
 form.  Zeolite based detergents in addition to being environment
 friendly, leave less deposits on fabrics and washing machine parts.
 
 1992
 
 - The Company is promoted jointly by M/s. Tamilnadu Petroproducts
 Ltd.,
 Chennai (TPL) and M/s. Henkel KGaA, Germany.
 
 - The company is launching the Fa International bodycare range in
 Delhi.
 
 - The Company had acquired around 45 acres of land in Thirunallar
 Commune, Karaikal for setting up the Project.
 
 - The Company proposes to manufacture and market a range of zeolite
 based detergent products.
 
 1993
 
 - The Company successfully commissioning the project commenced
 commercial production during March.
 
 - The Company had entered into a distribution arrangement with Tata
 Oil
 Mills Company Limited (TOMCO).
 
 - The Company has been utilising natural gas, which is being
 supplied
 by Gas Authority of India Ltd.
 
 - The Company has entered into a buy-back arrangement with M/s
 Henkel
 KGaA, Germany for 4000 MTPA of Zeolite which is an intermediate
 raw-material for the manufacture of detergent.
 
 1994
 
 - The Company has been maintaining the highest standards of Safety
 and
 pollution Control Measures and to Monitor this a separate department
 has been established.
 
 - A Distribution Agreement was entered into with Union Carbide India
 Ltd. (UCIL) to enable the Company to distribute its products in the
 Northern, Eastern and Western Zones.
 
 - The Company has launched Premium Detergent Bar under the Brand
 name
 `ZYMO' and the Premium Detergent Powder under the Brand name
 `HENKO'.
 
 - The Company was accredited with ISO 9002 certification by M/s BVQI
 in
 October which has served as a basis to enhance the quality of our
 product to provide increased value and satisfaction to customers.
 
 - From October/November, Henko started with a new commercial and
 with
 new promotional activities.
 
 1995
 
 - The Company's rights issue of 2,69,10,000 equity shares of Rs. 
 10/-
 each at par to the existing shareholders of the company on 1:1 basis
 was fully subscribed.
 
 - In June along with the launch of Henko Bar, Henko Powder was
 relaunched as `Henko Stain Champion' in Southern parts of India.
 
 - White Giant was relaunched in Southern parts of India during July
 as
 White Giant Heavy Duty with the intention of catering to the growing
 mid range segment of the detergent powder market.
 
 1996
 
 - The Company's name has been changed from SPIC Fine Chemicals
 Limited
 to Henkel SPIC India Ltd., with effect from 3rd April.
 
 - In March, Henkel Spic signed a memorandum of understanding with
 Calcutta-based liquor company Shaw Wallace to acquire Calcutta
 Chemicals and Detergents India.
 
 - The Company made a preferential issue of 200 lacs equity shares of
 Rs.10/- each to the Foreign promoter, Henkel KGaA, Germany during
 March
 at a price computed as per the SEBI Guidelines resulting in their
 stake
 in the share capital increasing to around 46%.
 
 1997
 
 - Henko Powder was re-launched in the South during January with
 improved formulation, perfume, packaging and advertisement supported
 by
 an attractive consumer promotion scheme.
 
 - Henkel-Spic, the consumer products joint venture company, has begun
 a
 one-month due diligence exercise of Shaw Wallace & Co (SWC)'s
 consumer
 products division (CPD).
 
 - The company launched Neem toothpaste in lamitube packing
 nationally
 and also relaunched its Tuhina cream in a new pearlised pack.
 
 1998
 
 - Henko Megastar, a world class compact detergent powder was
 launched
 in South during January and in other zones during June.  This brand
 was
 supported through TV and consumer promotions to generate trials. 
  
 1999
 
 - Henko Megastar is proposed to be relaunched as Henko Compact
 during
 the first quarter of 2000 with the objective of strengthening the
 presence in the compact market.
 
 - Pril the international utensil Cleaner brand of Henkel was
 launched
 nationally in January the response for which has been quite positive
 despite the liquid segment being very small.
 
 - The Company has successfully obtained the coveted ISO 14001
 certification from M/s. TUV, a German Certifying body making it the
 first detergents plant ill India to receive such certificate and the
 first company in Asia amongst Henkel Group to receive the same.
 
 - The company has allotted 2.80 Crs. 9% Non-cumulative Convertible
 Redeemable Preference Shares of Rs. 10 each to Henkel KGaA, Germany,
 Redeemable at the option of the Board at any time during the period
 of
 10 years by way of Private Placement.
 
 - The Company has issued 3.69 Crs. Equity Shares of Rs.10/- each at
 a
 premium of Rs.35/- per share and the same was oversubscribed by 1.13
 times.
 
 - The Chennai-based Henkel Spic India Ltd is all set to drastically
 prune the erosion in its networth caused by the accumulated losses
 and
 come out of the status of potential sick unit.
 
 - Henkel Spic, a relatively recent entrant into the Indian
 detergents
 market, has a strong presence in the South, with brands such as
 Henko
 Megastar
 
 - The company manufactures detergent powder, bar and zeolites in
 technical collaboration with Henkel KGaA, Germany.
 
 - Henkel Spic has already entered into an agreement to acquire a 60
 per
 cent stake in Detergents Indian Ltd from companies in the Shaw
 Wallace
 group at Rs. 51 per share.
 
 2000
 
 - The company has entered into agreement with NSDL for
 dematerialisation of the shares.
 
 - The company proposed to issue 57 lakh equity shares of Rs. 10 each
 of
 Henkel KGaA on preferential basis to help increase Henkel's holding
 to
 over 50 per cent.
 
 - The Company launched the Fa brand of body soaps, talcum powders,
 and
 deodorant sprays and roll-ons in Chennai.
 
 - The Company has reshuffled the board of its newly acquired
 subsidiary, The Calcutta Chemical Co Ltd, inducting five nominees on
 the 10-member board.
 
 - Henkel Spic India Ltd has relaunched its flagship detergent brand
 `Henko Stain Champion Detergents' across the country.
 
 - The Company has acquired more than 90% and 95% of the fully
 paid-up
 Equity Share Capital of The Calcutta Chemical Company Ltd. and
 Detergents India Ltd.
 
 - The Company has tied up with women's magazine Femina to promote
 the
 Miss India context for the next three years from 2001-2003.
 
 2001
 
 - Henkel Spic India Ltd., the Indian arm of the global FMCG giant
 Henkel KgaA has relaunched Neem toothpaste as Neem Active.
 
 - Henkel is set to launch the Fa men toiletries range in Oceanic and
 Amazonic fragrances.
 
 2002
 
 -Seeks million , as part of low cost fund infusion from its German
 parent, Henkel.
 
 -Strikes 92% hike in pre-tax profit at Rs.5.83cr.
 
 -Forms a separate division in hair care and releases a variety of
 hair care products like hair colourants under schwarzkopf brand.
 
 -Henkel- Loctile finds it tough to win over customers in India,
 because of their use of traditional devices.
 
 2003
 
 -Re-launches its motherbrand Margo soap with a new look, fragrance
 and formulation in the market.
 
 -Secures financial aid amounting to 5.1 million euros from its parent
 company.
 
 -Detergent behemoth Henkel Spic secures approval from Foreign
 Investment Promotion Board to extend the validity of its stake hike
 in Indian arm.
 
 -Launches its Prilbrand dishwash bar in two variants, lime & vinegar
 and orange & vinegar.
 
 -Henkel contemplates on acquisitions of cosmetics, soap co's
 
 2004
 
 -Henkel SPIC India has announced a series of consumer offers on their
 flagship brands Henko Stain Champion and Mr White.
 
 -Henkel Spic sets up 'Fa-Fresh Zone' in Chennai
 
 -
Source : Dion Global Solutions Limited
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