By ICN GroupPetro Chemical, May 23, 2020

Shalimar Paints to foray into sanitizer segment

The company aims to diversify into the hygiene segment with launch of sanitizer and disinfectant.

The Board of Directors of Shalimar Paints Limited at its meeting held today i.e. May 23, 2020, has approved the diversification into the hygiene segment with launch of sanitizer and disinfectant.
 
This initiative besides reinforcing the company's commitment of being a responsible corporate is also in line with the vision of our Prime Minister of an "Atmanirbhar Bharat". The company will leverage the synergies between the existing business of manufacturing paints for the raw material and manufacturing process as well as the distribution network around the country for this diversification.
 
Sanitizers and disinfectant have been in high demand due to Covid-19, and leading chemical and paint manfactureres including Tata Chemicals, Asian Paints etc have started production of hand sanitizers in India.

Sensient sells its digital ink business to Sun Chemical

The transaction is expected to be finalized in the second quarter of 2020.

Orbia defers plan to divest its polymer solution business

The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth.

Dow and Johnson Matthey license INA technology to China based QXTD

The plant will be built at QXTD’s integrated petrochemical complex in Zibo City, China and produce 200,000 metric tons of annual capacity. The plant operation is expected to come online in 2023.