The mazda pharma Guide 15th Julu - 21st july 2013 | Page 34

Investment Region( PCPIR), spread over 453 sq million dollar to acquire three overseas firms. The enable the vinyl products activities to benefit from km in Bharuch near the Gulf of Khambhat. The company planned to fund the acquisitions using a distinct industrial strategy equipped with PCPIR is expected to attract investments worth Rs the borrowed funds secured by the assets of the significant financial resources in order to boost 2.27 lakh crore. ONGC Petro-additions Limited target companies their long-term development and future.

Global Economic Zones surveyed by business publication Financial Times. It is the only multi- product SEZ from India to achieve this distinction. The Board of Approvals for SEZs has approved 60 SEZs in Gujarat. Of which 3 are functional, 13 are notified and functional, 17 are notified, 15 have received formal approval while 12 have received in-principle approval.

Sector wise two SEZ are in apparel and textile sectors each, 6 in engineering, 2 in food processing, 15 in IT and ITES, 11 are multi product, 4 in pharma, while one each in non

Fertiliser maker Coromandel International said it would pay about 2.84 billion rupees to buy 42.22 percent stake in Sabero Organics Gujarat. The company ' s board also approved buying up to 31 percent from shareholders of Sabero Organics, Coromandel International said in a statement. Shares of Sabero Organics rose to their maximum daily limit of 10 percent while that of Coromandel International jumped over 5 percent in early trades. Coromandel would buy 14.29 million shares of Sabero at 160 rupees a share and would also pay 38.47 rupees per share as non-compete fee, it said.

The project, which aims to create a major player in the European PVC industry, built around a coherent portfolio of activities balanced between upstream activities( chlorine, caustic soda and PVC) and downstream activities( profiles and compounds), would entail no restructuring of the manufacturing plants for the businesses being divested. The employees concerned by the industrial plan as well as those required to operate the business will be transferred, and their compensation packages together with their seniority, qualifications, and the specific terms of conventional energy, biotech, ceramics, glass, They( Sabero Organics) have formulations units in their employment contracts would be safeguarded. agro-based chemicals, chemicals, electronics, energy, flat steel, gems and jewellery, industrial machinery, multi-services, multi-product, oil and gas, plastic and polymer. The BoA has given approval to these SEZs.

Tamil Nadu and Jammu. Our association with them will increase our sales in Latin America, Australia and parts of Europe, A. Vellayan, executive chairman, Murugappa Group said. Coromandel International is a unit of the

The project entails the divestment of all assets in France directly related to the chlorine and derivatives activities, as well as all downstream activities around the world( compounds, pipes and profiles). The Jarrie facility, which will no longer

Kolkata: IFC will lend around $ 7 million loan to said adding We( Coromandel) are strong in the PVC paste activity. The Balan EVA activity Himadri Chemicals & Industries. The amount is formulations and they are good at technicals, would not be concerned by the project. 1780 part of $ 150 millione investment plan of which makes the combination a strategic fit. employees in France and 850 employees outside Himadri, reportsdealcurry. Himadri Chemical is Sabero Organics reported consolidated net profit of France would be transferred to the new entity, investing in several projects with energy efficiency 105.8 million rupees on net sales of 4.13 billion which would be headquartered in Lyon( France). components in the form of fossil fuel abatements, rupees for Fy12. In 2010 the sales of this new structure exceeded 1

34 THE MAZADA PHARMA GUIDE ●15 July- 21 July 2013