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Back in growth mode Daimler’s truck exports from Chennai cross 5000 units Aurobindo Pharmacy: good turnaround Sivasankaran enters taxi space to take on Uber and Ola Dish TV – subscriber additions encouraging CAPITAL NOTES RoC in the dock... Record two-wheeler sales A welcome initiative-even critics are recognised AL wins Deming prize again Smooth sailing of SAIL Tata Steel, ThyssenKrupp sign MoU to merge European units Solar installations exceed 2015 capacity in five months PSU non-life firms seek to protect share E.I.D Parry (India) Ltd: another sweet year L & T’s floating dock for navy HPCL plans Rs.61,000 crore capex over 5-years Michelin to double Chennai capacity Hyundai to focus on SUVs and AMT variants TVS Automobile invests Rs.75 crore in start-up firms New India Assurance posts impressive show Last stages TVS Srichakra plans capacity expansion Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Consolidating leadership position in smartphones Sundram Fasteners rejigs international IOB on turnaround path V-Guard launches app-enabled water heater system Is this a generation gap? Vellayan is back, after 150 days A niche in FMCG business... Forging industry worried over lower supply of steel and its price Housing demand revival Gamesa to set up a plant in Nellore Wabco launches safety system TI Cycles plans retail expansion to drive sales for premium bicycles Nissan exit shouldn’t affect ALL The unexpected exit Land wars Tata Motors charts investments in PV and CV businesses Tata gets 4-star rating for Zest Carnival Films acquiring 3000 screens pan India Ode to Ratan Tata LVB posts 31 per cent growth in Q1 net profit It takes two to tango He excels in the nuts and bolts of entrepreneurship Singur minus Nano – victory or folly? Smartphone onslaught by Chinese brands ITC – steep excise hike Eyes strong growth in 2016-17 M & M unveils driverless technology for tractors Mercedes-Benz sales continue to zoom Daimler grows sales and share in India Tata Motors joins compact SUV bandwagon with Nexon Ponni Sugars (Erode) Ltd: not so sweet 2012-13 L & T set bigger ambitions in defence business Maruti – for young buyers Increasing market share TN government keen on revival of operations at Nokia complex Toyota and Suzuki to introduce EVs in India by 2020 Bajaj Finserv – Q1: fare well Emami – a new growth mantra Right to privacy – now it’s fundamental! Kone India eyes further growth in elevator market 29 per cent jump in TCS revenues Hyundai India achieves 7 mn production at Chennai factory Hindalco – re-rating Titan Company – sales recovery to kick in From the toughest to the best year Rane targets Rs.5500 crore topline by 2018-19 AL introduces Guru & Partner Welcome focus to improve rural India... PPP model for infrastructure development The gainers and the losers Preparing for the next growth curve Yamaha unveils scooter boutique ITC chairman calls for policy impetus to transform agriculture When small is not so beautiful… Chinese smart phones flourish in small towns too! Are they really independent? L&T bags the Mumbai Trans-harbour link order Tata Motors bets on new launches Tata Motors aims to be among the Top 3 global CV & PV firm AL secures orders for 3600 buses L&T profit up by 11 per cent
 
From the toughest to the best year
The company which started with an annual capacity of 6000 tonnes of PVC now has an aggregate capacity of 3.66 lakh tonnes.

Sanmar Chairman Sankar’s grandfather Sankaralinga Iyer, promoted the India Cements and the Indo-Commercial Bank. His son K S Narayanan and that brilliant find of Sankaralinga Iyer, T S Narayanaswamy, launched spectacular expansion of the group’s activities. In the 1960s. Chemicals and Plastics India Ltd (Chemplast) pioneered the production of PVC from the renewable agriculture resources of molasses, a by-product of sugar mills. Sankar joined Chemplast on his return after taking MS in chemical technology from the Illinois Institute of Technology, Chicago. He pithily described the transformation from the day he joined Chemplast on 4 May 1967 to its golden jubilee celebrations on 4 May 2017: “it has sustained its growth while being true to its culture of a fair deal for all, innovation and excellence in implementation. If its first year of operation was among the toughest, the company’s 50th year performance is the best in its history with record production and sales. The company which started with an annual capacity of 6000 tonnes of PVC now has an aggregate capacity of 3.66 lakh tonnes,” he said. 

The demise of Narayanaswamy in March 1968 put a lot of load on the young shoulders of Sankar who steered it through the tough, uncertain, controlled years and the more challenging competitive, liberalised era after 1991. 

A major decision was the acquisition of Mettur Chemicals and Industrial Corporation from the Seshasayee Group that was supplying the vital chlor-alkali chemicals needed by Chemplast and also the Metchem that pioneered production of Silicon wafers in the country. Sanmar group contributed richly to the prosperity of the Mettur-Salem region with its cluster of factories, constantly expanding capacities and focusing on technology. Production activities in diverse fields extended to Cuddalore and Chennai. 

 

Zero liquid discharge...

At the function special mention was made of the focus on zero liquid discharge by the group. This focus has sharpened and expanded through the decades. As part of the Golden jubilee the company donated a crore of rupees to the IIT-Madras to set up a zero liquid discharge laboratory and to research on this vital concept. 

Speakers at the golden jubilee from the international collaborators Cabot Corporation and Fairfax and from the longstanding customer, M P Taparia of Supreme Industries and TVS’ Venu Srinivasan referred to the several ethical practices of the group. 

Taparia, a large consumer of PVC said that  the present consumption of PVC is 3 mn tonnes and local production is just 1.3 mn tonnes. The industry has been registering a 12 to 15 per cent growth annually and thus Chempast Sanmar has potential to expand capacity to a million tonnes in quick time.” 

For 2016-17 Chemplast Sanmar group had a turnover of a billion dollars with the flagship company  clocking  nearly half of this. The group is well-poised for quantum growth. - SV 


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