MUMBAI : Godrej Group has arrange a council to discover synergies, maximize output and overview alternatives for its chemical substances companies throughout group firms, Nadir Godrej, chairman of Godrej Industries Ltd, mentioned in an interview.
“We’re engaged on all potential choices. I doubt we could have full mergers, however we might swap companies from one to the opposite to strike the best steadiness. And undoubtedly, we’ll develop synergies throughout all our chemical companies,” Godrej mentioned.
Godrej Industries, as an example, has an oleochemicals enterprise (chemical substances derived from vegetable and animal oils), whereas group firm Godrej Agrovet has a crop safety chemical substances enterprise. Astec Life Sciences, a unit of Godrej Agrovet, is a contract growth and producer of chemical substances.
The council’s mandate additionally contains assessing analysis and growth alternatives for the chemical substances enterprise.
“We’ve simply began the chemical council. It isn’t one thing very formal as a result of it has simply began. And I’d like to say that we equally have a producing council, which is rather like a coordinating group,” he added.
Chemical compounds is among the oldest companies for the 125-year-old Godrej Group, one of many world’s main oleochemicals makers, manufacturing and promoting over 100 chemical substances, together with fatty alcohols, fatty acids, surfactants, and glycerine, in 80 international locations. These are used as uncooked supplies by shopper items, pharmaceutical and meals industries.
Godrej Agrovet owns greater than 62% of Astec Lifesciences, a maker of agrochemical energetic elements and pharmaceutical intermediates.
“We’re additionally working to see how the Godrej Agrovet’s crop safety enterprise and Astec can work higher, however they’re very completely different companies,” Godrej mentioned.
Astec can also be beginning a brand new analysis and growth centre.
“They have been specialists in triazoles, however they’re different chemistry platforms, fluorine, chemical substances, sulfonylureas. And the mixture of all these platforms will drastically improve the agrochemical scope, but it surely additionally opens up fields for the usage of these platforms and different chemical substances, together with pharmaceutical intermediates. And that is among the issues that the chemical council was already discussing,” he mentioned, explaining the whole scope of the council.
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