Indokem has received an approval from the Board for incorporation of a foreign subsidiary of the company at Bangladesh. The incorporation of the subsidiary will leverage the new growth opportunities and will help the Company in becoming more agile and customer-focused in Bangladesh.
The proposed subsidiary company to be incorporated in Bangladesh shall carry out business in the field of in Textile Chemicals including Sizing Chemicals, Auxiliaries, Dying and pigments etc. The subsidiary company once incorporated will be a related party of the company.
Indokem deals in dyes, sizing chemicals and auxiliaries in textile industry. The company also deals in electrical capacitors.