MoneyWorks4Me

Indo Amines gets nod to incorporate a Malaysian subsidiary

04 Aug 2011 Evaluate

Indo Amines has received an approval to incorporate a 100% wholly owned subsidiary in Malaysia with an investment in the share capital of the said company to be about Rs 25 lakh to 50 lakh. The company has received an approval at its board meeting held on July 22, 2011. Indo Amines had launched new products -- Benzo -- a formulation toilet cleaner in the last month and achieved sales of 4,704 bottles.

Indo Amines is one of the India’s largest independent manufacturers of fine, specialty and performance chemicals providing a comprehensive package of products and technical services for Indian global markets. The company manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.

Peers
Company Name CMP
Godrej Industries 1103.20
SRF 2555.00
BASF India 3583.60
Pidilite Inds. 1593.80
Tata Chemicals 699.25
View more..