SM Dyechem was incorporated in June 3, 1982 at Mumbai as a private limited company, and converted into a public limited company on October 25, 1986. It manufactures and markets speciality chemicals for the textile industry, surfactants, disinfectants and extruded Snack foods.
Milestones:
1982 - The company was incorporated in June 3, at Mumbai as a private limited company, and converted into a public limited company on October 25, 1986. The company was promoted by S. M. Shetty and S. Vivek Shetty. It manufactures and markets speciality chemicals for the textile industry, surfactants, disinfectants and extruded snack foods.
1986 - The company took up a project for the manufacture of ready-to-eat extruded, packaged snack foods (fried and roasted). The site for this project was selected at Thane and a modern plant with the state-of-art technology was supplied by Mapimpianti of Italy, which also provided the technical know-how. This project was commissioned during the last quarter of 1988 and the products were marketed under the brand name Peppy.
1987- As a result of extending the technical co-operation of Allied Colloids, UK for speciality products, the company introduced a large number of import substitution products for filament sizing in the textile industry; amino-silicons based finishing chemicals and chemical substitutes for kerosene in the printing industry.
1988 - With a view to further expand the consumer products division, the company made an application for the manufacture of 25,000 hecto litres of beer in Maharashtra state. The company signed an agreement with Zschimmer & Schwarz, West Germany to promote a joint venture company with equity participation of 40% each. The joint venture company under the name SM Zschimmer & Schwarz Chemicals, Ltd. was incorporated on February 9, 1989. The company applied to the government to convert the SIA registration into a 100% export oriented unit. There was no further progress reported so the company was awaiting the government policy on gas allocation and its pricing. The company undertook to set up a project for the manufacture of ethlens omide (EO) and mone-ethylane glycol (MEG) at Pune in Maharashtra. An agreement was signed with Scientific Design Company of USA to provide the process know-how and the basic engineering package. The company entered into an agreement with KSIIDC to set up a project in joint sector for the manufacture of 50,000 tonnes per annum of carbon black at South Kanara in Karnataka. The company was on a look out for a suitable technical collaborator. The existing ethylene oxide condensate plant of SM Dyechem was transferred to the joint venture company on January 1.
1990 - The company identified a site for the project in the Bastar district of Madhya Pradesh. It was decided to take effective steps in the implementation of the project only after the commencement of commercial production of the EO/MEG project.
1991 - The company undertook development of various specialized chemicals based on EO like polyethytlens glycols, demulsifiers, non-ionice that find application in industries such as textiles, leather, pharmaceuticals etc. The company acquired with effect from August 1, as a going concern, the soya unit of Britannia Industries, Ltd.
1992 - Refined oil `Vital', snack foods under brand names `Peppy', `Piknik' were well received in the Mumbai market and the unit commenced launching of these products on all India basis.
2002 - SM Dyechem has informed BSE that R V Joshi has been appointed as company secretary and compliance officer of the company with effect from September 16, 2002.
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