SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rain Industries’ arm to close Uithoorn plant in Netherlands

07 Aug 2019 Evaluate

Rain Industries’ wholly owned subsidiary -- Rain Carbon Inc. has decided to shutdown plant situated in Uithoorn, Netherlands by the end of March 2020. The shutdown is due to eroding profitability for hydrocarbon and C9 aromatic resins, particularly for printing inks adhesives. The plant is engaged in the business of downstream production of resins & modifiers using derivatives from coal & petro tar distillation.

The company is evaluating the cost of closure. Even though the plant is getting closed, the revenues will be mostly shifted from Uithoorn, the Netherlands to Duisburg, Germany.

Rain Industries is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. It is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA).

Rain Industries Share Price

132.45 0.40 (0.30%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×