With 
organisations like ICI, Pidilite Industries and Jubilant Organosys, companies in this segment are eyeing for a greater market share in the global chemical industry, valued at around $2 trillion. The Indian chemical & petrochemical industry currently contributes $9.08 billion to exports and is growing at the rate of 8.9%. The trio of cost effective R&D, availability of raw materials and technically efficient manpower, has played a pivotal role in the competitiveness of the industry. From being just a plain vanilla chemical company, over the years, Indian companies have diversified into businesses like paints, pharma, life sciences products (PLSP) and others.
The paint industry continues to be the main driver of the industry, as there exists a strong demand from both industrial and decorative segments. ICI (India) – a paints, specialty chemicals and performance materials company – topped the sector list with net profits of Rs.4.48 billion, followed by Jubilant Organosys with net income of Rs.2.31 billion. “While our industrial chemicals and other businesses continue to do well, the PLSP operation will be the lead driver of our performance going forward,” shared Shyam Bhartia, CMD, Jubilant Organosys Ltd..
With introduction of new products and a fast growing domestic economy, the petrochemical and chemical industry will have a chemistry that will be worth watching in the times to come.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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organisations like ICI, Pidilite Industries and Jubilant Organosys, companies in this segment are eyeing for a greater market share in the global chemical industry, valued at around $2 trillion. The Indian chemical & petrochemical industry currently contributes $9.08 billion to exports and is growing at the rate of 8.9%. The trio of cost effective R&D, availability of raw materials and technically efficient manpower, has played a pivotal role in the competitiveness of the industry. From being just a plain vanilla chemical company, over the years, Indian companies have diversified into businesses like paints, pharma, life sciences products (PLSP) and others.The paint industry continues to be the main driver of the industry, as there exists a strong demand from both industrial and decorative segments. ICI (India) – a paints, specialty chemicals and performance materials company – topped the sector list with net profits of Rs.4.48 billion, followed by Jubilant Organosys with net income of Rs.2.31 billion. “While our industrial chemicals and other businesses continue to do well, the PLSP operation will be the lead driver of our performance going forward,” shared Shyam Bhartia, CMD, Jubilant Organosys Ltd..
With introduction of new products and a fast growing domestic economy, the petrochemical and chemical industry will have a chemistry that will be worth watching in the times to come.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
http://iipm-institute.21publish.com/
http://iipm-institute.21publish.com/vidhhyalaya
http://iipm-b-school.blog.ca/
http://www.sonulatwal.9k.com
http://sonuright.bravehost.com
http://docs.google.com/View?docid=dchw675g_19mp6p2t
http://www.freewebs.com/iipm-institute/
http://www.journalscape.com/iipm/
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