The new subsidiary was officially registered on June 26th, and business operations will start from August.
The total value of the transaction, which is subject to an earn-out provision, is between 925 million euros and 1.0 billion euros.
Company's sales dropped by 21.74% YoY and stood at Rs 231.57 crore in Q1 FY21 as against Rs 295.92 crore previous year.
Company's robust expansion plans will help in increasing the revenue potential.
He completed his term on 01 Aug 2020.
Net profit declines by 68% YoY and stood at Rs. 74 crore
EBITDA decreased $112 million versus the second quarter 2019, excluding an unfavorable variance of $34 million due to second quarter 2020 LCM inventory charges.
The new manufacturing Unit-VII has been established at the existing plant site of the company at Barnala.
Henkel is looking to further its foothold in the D2C market with the new acquisition.
The total fund amount is Rs. 11.86 crore which will contribute to enhancing the income of farmers and will be released in installments.
New project will help in adding an extra 1,00,000 tonnes per annum capacity by January 2022.
Sales drop due to COVID-19 pandemic.
Company's profit jumped to Rs 121 crore in Q1 FY21.
COVID-19 pandemic is likley to severely impact the whole year revenue gudiance due to which the company is focusing on mitigation and cash generation.
Project is focused on increasing the performance, manufacturability and environmental profile of lithium-ion battery (LIB) cells.
Sales drop by 53% in second quarter.
As a Tier 2 member, the company will provide unique carbon fiber Non-Crimp Fabrics as well as Thermoset and Thermoplastic prepreg materials for diverse applications in these projects and in other NCC development programs.
The agreement enhances Firmenich's position in naturals and sustainability.
HQ to be shifted to Chattanooga, Tennessee from Dalton, Georgia.
The deal involves developing solutions aimed at optimizing the management and recovery of all industrial waste produced on 20 sites located across France.
Subscribe To Our Newsletter & Stay Updated
_195_291.jpg){kind=logo}
