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Chemplast Sanmar

Coordinates: 13°2′43.3″N 80°15′28.3″E / 13.045361°N 80.257861°E / 13.045361; 80.257861
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Chemplast Sanmar Limited
Company typePublic
BSE: 543336 NSE: CHEMPLASTS
ISININE488A01050
IndustryChemicals
Founded1967; 57 years ago (1967)
HeadquartersChennai, Tamil Nadu,
India
RevenueIncrease ₹59.49 billion (US$710 million) (FY22)[1]
Increase ₹6.48 billion (US$78 million) (FY22)[1]
Websitechemplastsanmar.com

13°2′43.3″N 80°15′28.3″E / 13.045361°N 80.257861°E / 13.045361; 80.257861

Chemplast Sanmar Limited is an Indian chemical company.[2] It is a major manufacturer of PVC resins, chlorochemicals and piping systems.

History

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The company was formed in 1962 to manufacture PVC resins/compounds and fabricate PVC products. In 1967 a PVC Plant at Mettur was commissioned with a capacity of 6,000 TPA, in collaboration with BF Goodrich. PVC pipes production commenced. It was among the pioneers to bring PVC pipes to India.[citation needed]

In 1985 the company acquired a controlling stake of Mettur Chemical & Industrial Corporation (MCIC) Ltd.[citation needed]

The Cuddalore PVC project was commissioned in September 2009.

In August 2021, Chemplast Sanmar opened its initial public offering at a price band of ₹530-541 per share.[3][4]

Organization

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Chemplast Sanmar Limited is part of Sanmar Group which has businesses in Chemicals, Shipping, Engineering and Metals. It has a turnover of over ₹65 billion and a presence in some 25 businesses, with manufacturing units spread over numerous locations in India.[5][6]

Chemplast Sanmar's manufacturing facilities are located at Mettur, Panruti, Cuddalore and Ponneri in Tamil Nadu, Shinoli in Maharashtra, and Karaikal in the Union Territory of Puducherry.

Cuddalore PCV is the largest such project in Tamil Nadu. Its aggregate capacity of 235,000 tons makes it one of India's largest PVC players.[7]

Mettur Chemical & Industrial Corporation (MCIC) Ltd makes caustic soda 48000 TPA and chloromethane 11000 TPA.

Zero liquid discharge

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Chemplast Sanmar implemented zero liquid discharge in all its manufacturing plants. Chemplast has not discharged treated effluent since September 2009 in Mettur while Cuddalore and Karaikkal have never discharged treated effluent.[8]

Recognition

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  • "Innovative Case Study" at the 7th National Award for Excellence in Water Management (2010)
  • "Excellent Water Efficient Unit" 7th National Award for Excellence in Water Management (2010) for the successful case study of zero liquid discharge at Mettur.[9]

Sports

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The Sanmar Group has supported cricket for over 50 years. Chemplast Sanmar supports Jolly Rovers and the Alwarpet Cricket Club in the Tamil Nadu Cricket Academy (TNCA) 1st Division.[10]

References

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  1. ^ a b "Chemplast Sanmar posts 36.4% net profit decrease for Q4 FY22". MRC. Retrieved 6 July 2023.
  2. ^ "Stainless Steel Foundry | Steel Casting Foundry | Matrix Metals Foundry India USA Mexico |". 12 October 2018.
  3. ^ "Chemplast Sanmar IPO To Open Tomorrow. Here Is All You Need To Know". NDTV.com. Retrieved 9 August 2021.
  4. ^ Nahar, Pawan. "Chemplast Sanmar IPO opens on Tuesday: Key things to know before applying". The Economic Times. Retrieved 9 August 2021.
  5. ^ "The Sanmar Group". Archived from the original on 7 August 2008. Retrieved 2008-08-04.
  6. ^ "Meet the man behind a Rs 4,500-crore empire". Rediff.
  7. ^ Narasimhan, T. E. (21 September 2009). "Chemplast sets up PVC plant at Cuddalore". Business Standard India – via Business Standard.
  8. ^ "Chemplast wins two awards". The Hindu. 13 December 2010 – via www.thehindu.com.
  9. ^ [1][permanent dead link]
  10. ^ Frederick, Prince (6 October 2009). "Pitching for cricket". The Hindu – via www.thehindu.com.
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