Page 140 - CW E-Magazine (12-3-2024)

Top Stories

PROCESS EQUIPMENT
Kilburn Engineering acquires M E Energy to strengthen

thermal portfolio

Kilburn Engineering Ltd. (KEL) has portfolio of drying systems, a company strengthens our commitment to innovation
acquired M E Energy Pvt. Ltd., a leading statement said. and service expansion.” KEL’s Managing
entity in waste heat recovery and reutilisa- Director, Mr. Ranjit Lala, emphasised on
tion systems, for an aggregate conside- The acquisition for an aggregate con- the synergies facilitated by the acquisition.
ration of Rs. 98.70-crore. The company sideration of Rs. 98.70-crore, including “This will augment organisational pro-
said the acquisition was a strategic move a cash payout of Rs. 75.46-crore, marks wess, as ME Energy specialises in the pro-
to become a comprehensive solution pro- a signifi cant milestone in the company’s duction of thermal engineering and heat
vider in the thermal engineering space. growth journey, it said. recovery systems, a perfect complement
to Kilburn Engineering’s existing drying
M E Energy, with a revenue of KEL’s Director, Mr. Amritanshu systems. This synergy will open doors to
Rs. 44.70-crore in 2022-23, brings valuable Khaitan said, “This acquisition marks a expanded sales opportunities by tapping
expertise in waste heat recovery (WHR) signifi cant stride in our strategic growth into the existing client base of both enti-
solutions, complementing KEL’s existing trajectory. M E Energy’s expertise ties,” he noted.
K. Natarajan takes over as MD of Galaxy Surfactants

Mr. K. Natarajan has taken over as Galaxy in April 1993, he has headed diverse
Managing Director of Galaxy Surfactants functions in Galaxy including Finance,
Ltd., a leading manufacturer of sur- IT, Business Creation, Business Com-
factants and specialty care ingredients. mercial, Global Sourcing and Supply
Chain. As MD, Mr. Natarajan will be
Mr. Natarajan, who was the Execu- responsible for the overall management of
tive Director and Chief Operating Offi cer the company’s business and operations.
of the company, took over as MD from
Mr. U. Shekhar, the founder of the com- With Mr. Natarajan’s elevation,
pany, who superannuated on February 18. Mr. Vaijanath Kulkarni has been appointed
Mr. Shekhar will continue as a Non- Degree in Commerce from University of as Executive Director & Chief Operating
Executive Director. Mumbai and is a qualifi ed Cost Accoun- Offi cer of the company. Mr. Abhijit Damle
tant from the Institute of Cost and Works has been appointed as Chief Financial
Mr. Natarajan holds a Bachelors’ Accountants of India. Since joining Offi cer.
Lubrizol appoints Bhavana Bindra as MD – India, Middle

East & Africa

US-based Lubrizol has announced the and has worked with companies in this
appointment of Ms. Bhavana Bindra as space like REHAU and Cummins India.
Managing Director – India, Middle East & Ms. Bindra will be responsible for lead-
Africa (IMEA). Lubrizol said the newly ing the company’s IMEA team to deliver
created role will support its aggressive regional growth for Lubrizol and its custo-
growth goals and ongoing commitment to mers, based on a local-for-local approach.
the region. She will provide oversight of a new Global
Capability Centre in Pune, which will
Ms. Bindra has over two decades of serve as a regional hub that enhances
experience in the manufacturing industry Lubrizol’s capabilities for regional growth.

140 Chemical Weekly March 12, 2024

Contents Index to Advertisers Index to Products Advertised