Page 140 - CW E-Magazine (9-4-2024)

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MANUFACTURING EXCELLENCE
Marine Hydrocolloids gets Kerala Govt. recognition

Marine Hydrocolloids, a Kerala-based
hydrocolloids and food ingredient manu-
facturer, has been awarded the ‘Best Manu-
facturing Enterprise (MSME)’ recogni-
tion by the Department of Industries and
Commerce, Government of Kerala.

For over four decades, Marine Hydro-
colloids has been manufacturing and ex-
porting diverse hydrocolloids such as agar
agar, agarose, carrageenan, and sodium
alginate. The company has also expanded
into the retail segment with European
instant dessert premixes and a range of
bakery ingredients.

Marine Hydrocolloids operates a Quality
Control (QC) laboratory for conducting
chemical and microbiology tests to ensure
compliance with international standards. production line, quality standards with by ISO 22000:2018 and ISO 9001:2015
The company said the Kerala Govern- zero tolerance, and stringent safety proto- certifi cation, GMP, HACCP, Kosher and
ment award recognises its best practices cols, among others. Halal certifi cations. It is currently exporting
such as comprehensive SOPs for Quality to over 50 countries and catering to
Assurance (QA), batch numbering system The company said all its products demand from the food, pharma, biotech-
for traceability of products throughout the conform to USP/BP/IP standards, backed nology, cosmetics and nutraceutical sectors.

Asian Paints to infuse Rs. 200-crore in Singapore arm

Asian Paints informed that its board to be completed within 60 days and is ness of the company. It has recorded a
has approved subscription to equity shares subject to completion of necessary reg- consolidated turnover of SGD 436.2-mn,
to be issued and allotted by Asian Paints ulatory formalities. APIPL is an invest- equivalent to Rs. 2,549.4-crore for the
International Pvt. Ltd. (APIPL), Singapore, ment holding fi rm of international busi- fi nancial year 2022-23.
a wholly-owned subsidiary of the company,
for approximately Rs. 200-crore. Hikal appoints Sarangan Suresh as ED

The paint maker will subscribe to The Board of Directors of Hikal Ltd., Pharmaceuticals Ltd., Dr. Reddy’s Lab-
4.79-crore equity shares APIPL at Singa- a leading contract manufacturer, has ap- oratories Ltd., Mylan Laboratories Ltd.
pore Dollars (SGD) 0.67 per share for proved the appointments of Mr. Sarangan and currently with Hikal as Senior Vice
a consideration of approximately SGD Suresh as Executive Director (ED) and President – Operations since 2015. He is
32.1-mn, which is equivalent to about Ms. Ranjana S. Salgaocar as Additional a Graduate in chemical technology from
Rs. 200-crore. Director, both for a term of fi ve years the Institute of Chemical Technology,
effective from April 1, 2024, subject to Mumbai, and a Postgraduate in chemi-
These funds will be utilised by APIPL approval of shareholders of the company. cal engineering from Indian Institute of
towards repayment of borrowings and Science, Bangalore. Ms. Salgaocar is
onward infusion of money in certain sub- Mr. Suresh has more than 34 years Director and partner in various com-
sidiaries to support their working capital of experience in operations in compa- panies and LLPs within the VIMSON
requirements. The infusion is expected nies including Rallis India Ltd., Sun Group, a diversifi ed conglomerate.

140 Chemical Weekly April 9, 2024

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