Vinyl Chemicals (I) Ltd Share Price

(VINYLINDIA)

Incorporated in 1986 as a public limited company Vinyl Chemicals I manufactures vinyl acetate monomers VAM. It was promoted by the Parekh group a wellknown group which manufactures and sells the Fevicol brand of adhesives synthetic resins binders surfactants pigments etc and SICOM a Government of Maharashtra enterprise. The Company is engaged mainly in trading of Vinyl Acetate Monomer.Uhde Gmbh Germany a subsidary of Hoechst has provided the technology for manufacturing Vinyl Acetate Monomer. Apart from providing technology the German colloborator provided basic engineering services and trained personnel for errection and startup activities.This is the first company to manufacture VAM directly from petrochemical ethylene. VAM is a versatile petrochemical used in the manufacture of polyvinyl acetate polyvinyl alchohol ethylene vinyl acetate copolymers vinyl acrylic copolymers acrylic fibres etc. Nearly 45 of the companys product is taken up by its group concern Pidilite Industries and other group companies.The company expanded its capactiy to produce VAM to 16400 TPA in May 99 with basic engineering help provided by Krupp Uhde Gmbh Germany. During 20002001 the company has taken steps to implement debottlenecking expansion proposal to increase the capacity to 24500 TPA and the same was completed in 200102. The Oxygen/nitrogen was installed commissioned in February2002.During year 200708 VAM manufacturing unit of the company VCIL at Mahad got demerged into Pidilite Industries Ltd. PIL through Scheme of Demerger effective from 1st April 2007..

Listing date: 08 Feb, 1995
Chairperson Name: M B Parekh