Briefs: HOCL and Oricon Enterprises

Briefs: HOCL and Oricon Enterprises

HOCL announces maintenance shutdown of Kochi plant

  • By ICN Bureau | April 14, 2024

HOCL announces maintenance shutdown of Kochi plant

HOCL Kochi unit located in the state of Kerala is the only manufacturing unit which is engaged in manufacturing of Phenol, Acetone, Hydrogen Peroxide. The Phenol Plant producing Phenol & Acetone will be under shutdown from 10th April, 2024 (Wednesday) to 20th May, 2024 (Monday) for attending annual maintenance activities including change of catalyst. Our Hydrogen Peroxide Plant will be shut down for a period of approximately 15 days from 20th April, 2024 for maintenance works.

Oricon Enterprises to sell Plastic Closures business to Manjushree Technopack

Oricon Enterprises has entered into a Business Transfer Agreement with Manjushree Technopack Limited for sale of Company's Business of 'Manufacturing, trading and Sale of Plastic Closures and Preforms' {Sale of Undertaking(s)} situated at Kundaim Industrial Estate, Kundaim in the state of Goa and IDCO Khordha in the state of Odisha by way of slump sale on a going concern basis. The Enterprise Value of Rs. 520 crores to be received on completion of sale/disposal subject to closing adjustments.

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