Page 141 - CW E-Magazine (9-4-2024)

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EXPANSION
Sree Rayalaseema Hi-Strength Hypo ramps up sodium

methoxide capacity

Sree Rayalaseema Hi-Strength a producer of calcium hypochloride,
Hypo Ltd. (SRHHL), based in Kurnool, stable bleaching powder, sulphuric acid
Andhra Pradesh, and part of the TGV and other chemicals
group, has announced increase in pro-
duction of sodium methoxide solution Sodium methoxide in powder
from 900-tpm (tonnes per month) to form is mainly used in pharmaceutical
1,100-tpm and for sodium methoxide industry, such as in the manufacture
powder from 150-tpm to 300-tpm with of vitamins, sulfamethoxypyridazine,
effect from 27th March, 2024. sulfadiazine, and trimethoprim. It can
also be used as a catalyst in the biodiesel
Incorporated in 2005, SRHHL is industry.
OUTLOOK
‘Indian aroma chemicals market to be worth

over $418-mn by 2031’

The aroma chemicals market in trends in the Indian aroma chemicals in the food and beverages industry.
India has been valued at $276.1-mn market is the shift towards natural and Aroma chemicals enhance the fl avour
in 2023, and is anticipated to reach organic ingredients. This has led to and fragrance of various products such
a $418.6-mn by 2031, growing at a a surge in demand for natural aroma as beverages, confectionery, bakery,
CAGR of 5.34% during the period chemicals derived from plant sources and savoury snacks. With the rise in
from 2023 to 2030, according to a such as esters and terpenes. Another disposable income and changing con-
market report by CoherentMI. trend is the rising popularity of exotic sumer preferences, there is a growing
and unique fragrances, driving the de- demand for innovative and exotic fl a-
The growth of the market is attribu- mand for innovative aroma chemicals vours in the food and beverages sector.
ted to the fl ourishing fragrance in- that can create differentiated products On the basis of composition, the
dustry in the region and the growing in the market. amines segment is expected to witness
demand from the food sector. signifi cant growth, owing to the versa-
Another market opportunity is the tility of amines in creating a wide
As per the report, one of the key growing demand for aroma chemicals range of fl avours.

MARKET EXIT
Pidilite divests stake in Brazilian subsidiary

Adhesives and construction chemi- transaction for Pidilite,” the company Brazil, and will now focus on emerging
cals major, Pidilite Industries Ltd., has said in a stock market fi ling. Comment- markets in Asia and Africa”. In 2007,
executed and completed an agreement ing on the development, Mr. Apurva Pidilite do Brasil, a unit of the adhesive
with Brazilian chemicals fi rm, Soprema Parekh, Executive Vice Chairman of company, acquired local manufacturer
Ltda., to divest its entire share- Pidilite, said, “With the transaction Pulvitec do Brasil. But the buyout of
holding in its 100% Brazilian subsi- with Soprema Ltda., Brazil, a part of Pulvitec, which has a leading distri-
diary, Pulvitec. Soprema Group, France – one of the bution network in Brazil, reported
world’s leading construction chemicals did not help Pidilite as the subsidiary
“This transaction is not a material company – Pidilite exits operations in remained a money-losing entity.

Chemical Weekly April 9, 2024 141

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