AGC Asahi Glass (AGC), a world-leading manufacturer of glass, chemicals and high-tech materials, announces that AGC’s subsidiary in Vietnam has changed its company name to AGC Chemicals Vietnam from Phu My Plastics & Chemicals (PMPC). In addition, AGC has integrated the brand name of its polyvinyl chloride (PVC) products for the Southeast Asian market to ASNYL, which is the brand name used by Asahimas Chemical, AGC’s chemical subsidiary in Indonesia. Through such initiatives, AGC will reinforce the presence of the AGC brand in the region. AGC welcomed PMPC, a PVC manufacture in Vietnam, as a member of the AGC Group in June 2014, and started PVC business in Vietnam without changing the company and brand name. The chemical subsidiary has recently completed capacity enhancement of its PVC production to 1.5 times the previous level. By changing the company name to AGC Chemicals Vietnam, and the PVC brand for Southeast Asia to ASNYL, AGC will aim to increase the sa...

Vikas Multicorp Limited, a polymers and polymer additive related chemicals trading house based in Delhi having rich domain experience and in-depth knowledge of international and local polymers market is planning to be entirely debt free by 2022 as per long term goal set up by the company. In line with the company’s plan to reduce the debt, the company has already started paying back to its banker State Bank of India and have reduced their limits from Rs. 14 crores to Rs. 7.20 crores recently with a defined plan to make it zero in January 2021. The debt reduction plan is being fully funded by the promoters of the company out of their stake sale proceeds. Vikas Multicorp Limited is a Public Limited Company originally incorporated as Akshatha Management Consultant Private Limited on November 9, 1995. Subsequently the name of the company has been changed to Akshatha Services Private Limited. Thereafter, again, the name of the company changed to Moonlite Technochem Private Limited o...

India’s specialty chemicals sector has been playing a pivotal role in driving the chemical industry’s growth. It constitutes approximately 20% of the total chemicals market in India by value. India is emerging as a preferred manufacturing hub including contract and custom synthesis for specialty chemicals both for domestic as well as export markets. The Indian specialty chemicals industry is expected to grow 11-12% to reach an estimated USD 64 bn by 2025. Further, it is expected to provide an opportunity of an additional USD 60 bn across specialty chemicals segments over the next 8-10 years.  The numbers are big but what makes specialty chemicals a segment to watch out for is the role it plays in enabling India’s advances in megatrend industries such as nutrition and wellness, hygiene and personal care, water treatment, lightweight vehicles (including EVs) and renewables.  In order to capitalize this growth potential, Indian special...