Pidilite Industries has entered into a joint venture with Litokol, a leading tile adhesives and epoxy grout manufacturer from Italy. The JV company will invest in a new manufacturing facility in India.
Litokol will transfer the technology to the JV, while Pidilite will have exclusive distribution of the JV products. This JV will provide a comprehensive array of products ranging from epoxy, to urethane grout and certain epoxy adhesives for tile application.
The JV entity will service the key markets of SAARC (excluding Pakistan) and Myanmar.
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while Pidilite looking for acquisition and JV for future growth is it not prudent to look for Astral Poly
also making some mark in adhesive market
Being best in CPVC
also led by extremely good promoter Sandeep Engineer
Pidilite has earmarked over BDT 550 million as an investment towards the plant; spread over 5.9 acres, the plant will further strengthen Pidilite’s position in the adhesive market in Bangladesh and enhance its market presence. The new plant will manufacture leading brands such as Fevicol SH, Fevicol Speedx, Fevicol Marine, Pigment Emulsion, Piditint, and White Emulsion for the local market. This will be an environment-friendly plant with zero-discharge.
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Favicol’s Ad = Nostalgia
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update
Company along with Chetana Expotential Technologies Pvt. Ltd. has incorporated a subsidiary namely “Pidilite CTechos Private Limited” on 18th September, 2019 to carry on the business of construction of building works or any other structural or architectural work of any kind using C-Techos wall technology.
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Pidilite entered into a definitive agreement with Tenax S.p.A, Italy (Tenax Italy) for acquiring 70% of the share capital of Tenax India Stone Products Pvt. Ltd (Tenax India) for cash consideration of approx. Rs 80 crores. Tenax India, is a subsidiary of Tenax Italy engaged in the sales and distribution of Tenax Italy products for the retail market in India. This acquisition by the Company will enable Tenax India to fully leverage the sales, distribution and marketing the capability of the Company in India and SAARC markets.
src: https://www.bseindia.com/xml-data/corpfiling/AttachLive/d81a2c02-9478-404a-8359-5770f1d7e01c.pdf
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Post the acquisition, Tenax India will become a subsidiary of Pidilite. This acquisition by Pidilite will enable Tenax India to fully leverage the sales, distribution and marketing capability of Pidilite in India and SAARC markets. Tenax Italy will continue to be a partner (having 30 per cent stake) in Tenax India and provide full support to Tenax India through its technical and market understanding of marble, granite and stones business in India and SAARC markets.
Tenax Italy is the leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone Industry. Tenax India, incorporated in 2005, is a subsidiary of Tenax Italy, engaged in sales and distribution of Tenax Italy products for the retail market in India.
As per the management of Pidilite Industries, this acquisition will help expand Pidilite’s presence in the fast-growing adhesives, coatings and surface treatment chemicals market for the marble and stone industry and bring world-class technology to India by investing in a manufacturing plant.
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anyone aware about their supply chain is getting affected because of coronavirus?
Sales
Raw material
Interview with MD (Date: Jan 30, 2020)
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MD. Bharat Puri exercised his ESOP to buy 1,10,000 shares at Rs 10 each on 20th March, could it mean something?
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Pidilite invests in Pepperfry. Pidilite continues its journey to invest, acquire small niche businesses.
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Do you think it is good capital allocation, all these new recent investments? With respect to this specific deal, they bought at significant higher valuations than just an year back for pepperfry. You mention pidilite acquire small businesses, do they also intend to acquire pepperfry or it is just a small strategic investment? Thanks
Pidlite has today (28th May, 2020) completed the acquisition of 70% equity shares of Tenax India Stone Products Pvt. Ltd.
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can anyone hep me to understand dependence of Pidilite on China
Pidilite imports VAM (Vinyl Acetate Monomer) from China, and that forms about roughly 15% of its overall Raw Material consumption. It also has in-house manufacturing set-up for VAM but prefers importing from China due to cost viablitiy
revenue from operations declined to Rs 1,544.68 crore for the fourth quarter as compared with Rs 1,639.28 crore in the same period of 2018-19.
The Profit before tax and operating profit is a bit higher compared to previous year, PAT has decreased…is it some sort of taxation hurt this Q figures?