Chemplast Sanmar Limited, a speciality chemicals company with a significant presence in the Custom Manufacturing business, the market leader in Speciality Paste PVC in India, and the 2nd largest producer of Suspension PVC in India (through its wholly-owned subsidiary), announced its unaudited Financial Results for the quarter/ nine months ended December 31, 2023. Chemplast Sanmar reported a significant decline in revenue from operations Rs. 888 crores in Q3 FY 24 compared to Rs. 1,189 crores in the same period last year, reflecting a 25% decrease. Sequentially, revenue dropped by 10% from Rs. 988 crores in Q2 FY ’24. The cumulative revenue for the nine months ended FY ’24 stood at Rs. 2,872 crores, reflecting a 24% decline compared to Rs. 3,794 crores in the corresponding period last year. The company reported a net loss of Rs. 89 crores in Q3 FY ’24, compared to a net profit of Rs. 27 crores in Q3 FY ’23. Sequentially, the company registered a marginal ne...

Chemetry announced that its Board of Directors has selected Robert Snyder to succeed Ryan Gilliam as Chief Executive Officer, reporting to Chemetry’s Board of Directors. Dr. Gilliam will become the Chairman of the Board for Chemetry.  Snyder, who previously served as Chief Strategy Officer, joined the company in 2016 after serving as Vice President of Strategy and Vice President of Chlorovinyls at Axiall. Prior to Axiall, Snyder was an executive in the Styrenics businesses at Nova Chemicals and led the EPDM business for DuPont Dow Elastomers.  Snyder has an MBA from Wharton and a BS in Chemical Engineering from the University of Virginia.  Dr. Gilliam, who has been Chief Executive Officer of Chemetry since 2015, joined the parent company, Calera, in 2008 to lead the Chemicals R&D organization. Dr. Gilliam has a PhD in Materials Science from the University of Toronto and serves as the CEO of Fortera, a materials company focusing on reducing CO2 emissions in the...