Fine Organic Industries has made an investment by way of acquisition of 22,500 Ordinary shares at a par value of THB 100 per share in the new Joint Venture Company (JVC) namely ‘Fine Organic Industries (Thailand) Co.’ New JVC incorporated in Thailand for the purpose of carrying on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products.
Fine Organic Industries is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry.