Pondy Oxides & Chemicals gets nod to demerge four units of the company

31 Jul 2013

Pondy Oxides & Chemicals has received an approval for de-merger of four units of the company namely Unit I - MOD, Unit II - PAD, Unit V - ZRD, Unit VI - ARD such as Metallic Oxides and Plastic Additives with the wholly owned subsidiary of the company i.e., POCL Enterprises while retaining the verticals representing Smelting Division in state of Tamil Nadu and upcoming Lead Smelting project in Andhra Pradesh with the company. The board of director at its meeting held on July 30, 2013 has approved for the same.

Besides, the board also noted that the above demerger will have positive impact on the company’s growth plan to excel in the non-ferrous metals field and create a stronger foot hold in the market space by further increasing its presence as a focused player in the non-ferrous metals industry.

Pondy Oxides & Chemicals is one of the India's leading metallic oxides and plastic additives producers. The company has also promoted a subsidiary company by the name Baschem Pharma at Maraimalai Nagar in Tamil Nadu to manufacture liquid stabilizers Epoxy oil and paint driers.

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