Page 129 - CW E-Magazine (9-4-2024)

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1975
JOINT VENTURE SINCE
Symrise and Virchow Group team up for making HOUSE OF PHARMA

personal care ingredients at Vizag MACHINERIES

German fragrances & fl avours fi rm,
Symrise AG, has announced an agree-
ment to form a joint venture, Vizag
Care Ingredients Pvt. Ltd., with the Flaker
Hyderabad-headquartered, Virchow
Group, for the manufacture of personal
care ingredients from the Symrise port-
folio. Symrise owns majority stake
in the new entity. ing years are anticipating substantial the proximity, effi ciency, and sustain- V Blender Double Cone Blender
annual capacities to deliver the ambi- ability advantages that come with a
The new company “combines tious growth trajectory of Symrise in supply of our market-leading cosmetic
Virchow’s longstanding presence in the cosmetic ingredients. Symrise’s global ingredients portfolio out of India,”
Indian market and expertise in synthetic sales organisation will carry out promo- he added.
chemistry based pharmaceutical actives tion and sales activities of the products
manufacturing with the market-leading manufactured by the joint venture,” the First chemical manufacturing site
portfolio of beauty ingredients of statement added. outside Europe and Americas
Symrise,” a statement by Symrise said. As the fi rst chemical manufacturing
“With the Vizag Care Ingredients site of Symrise outside Europe and the
The manufacturing operations are joint venture, Symrise is creating and Americas, the Vizag facility forms an Vibro Sifter Sparkler Filter
to be based in Visakhapatnam (Vizag), controlling additional capacity for important milestone in the company’s
and production is to begin in H1 2024. fast-growing, high-value cosmetic history. It also marks the next step in
Products planned for the site include ingredients,” said Dr. Joern Andreas, realising Symrise’s strategic ambition
multi-functional product protection President Scent & Care, Symrise AG. of building a resilient global value chain.
ingredients, high-performance actives & “Underpinned by a strategic commit- “The joint venture serves as a diversi-
botanicals, and next-generation UV fi l- ment to backward integration, this new fi cation of Virchow Group into specialty
ters. facility serves as a critical enabler of chemicals,” said Mr. Prasanth Nandi-
our ambitious growth plans.” “Our gala, Director at the Board of Virchow
“The expansion plans over the com- entire customer base will benefi t from Group companies.
Octagonal Blender Centrifuge
AGROCHEMICALS
Best Agrolife acquires Sudarshan Farm Chemicals

Best Agrolife Ltd. (BAL), a manu- expects to gain signifi cant synergies with
facturer of agrochemicals, has an- this acquisition in the area of R&D and Multi Mill
nounced the acquisition of Sudarshan brand. With this move, BAL aims to capi-
Farm Chemicals India Pvt. Ltd. (SFCL) talise on SFCL’s robust R&D capabili-
at an estimated enterprise value (EV) of ties, IP portfolio, and backward-integra-
Rs. 139-crore. ted technical manufacturing expertise,” Tray Dryer Ribbon Blender
the company said in a statement. With
BAL will acquire a 100% stake this move, BAL gains access to SFCL’s Manufacturers & Exporters:
in SFCL through an all-cash deal of popular brands of ‘Sutathion’, ‘Suphos’, PRAGATI ENGINEERING WORKS
Rs. 9.5-crore after considering the net work ‘Suchlor’, and ‘Sumidon’. The addition Shed No. W-88, N-8, Industrial Estate, Chikhloli MIDC, Ambernath (W) - 421 505, Mumbai - INDIA.
ing capital and other liabilities, the com- of these brands will bolster BAL’s pres- Mobile: +91-7887884428 / 7738855130 w Email: pragati12852@gmail.com
pany said in a regulatory fi ling. “BAL ence in the central and southern regions. Website: http://pragatiengineeringworks.com w http://pragatipharmamachinery.in

128 Chemical Weekly April 9, 2024 Chemical Weekly April 9, 2024 129

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