The Hindu : Solaris Chem unveils business plans

Online edition of India's National Newspaper
Thursday, Oct 10, 2002

Business

Business

Solaris Chem unveils business plans

By Our Special Correspondent

NEW DELHI OCT. 9. Bilt Chemicals, a Rs. 250-crore company which is part of the Ballarpur group, has not only given itself a new corporate identity as Solaris ChemTech but also drawn up business plans to focus on value added chemicals and bio-chemicals for the growth of business to Rs. 500 crores by 2005.

Unfolding the transformed corporate entity's plans, the Managing Director of Solaris ChemTech , Manoj Dutt, told a media meet that, besides bromine and bromine chemicals, the other vector of growth would be the bio-chemicals sector where it made an entry through the acquisition of a citric manufacturing facility near Baroda.

Through technology upgradation, the capacity of this facility has been enhanced by 25 per cent to 25,000 tonnes per annum. The company was now focusing on a significant market development agenda to tap the international markets of North America, Europe and Africa. Some inroads have already been made by cornering within six months nearly 50 per cent share of the domestic market.

He said the capacity of the caustic soda plant set up in the 1970s at port town of Karwar in Karnataka had been doubled in stages to 200 tonnes per day. The Karwar factory which has an ISO certification and would secure OHSAS 18000 certification by this year end also now produced phosphoric acid.

Mr. Dutt claimed that the R and D department with a state-of-the-art Analytical Laboratory and pilot plant that enjoy Government recognition have developed processes for new products for commercialisations. The department is now working on six new bromine chemicals for the multipurpose speciality chemical plant slated for commissioning in November near Baroda. Steps for an international process patent for TBBA, a brominated flame retardant, developed by the laboratory have initiated in 1999 and some clearances secured.

With the largest manufacturing capacity for the bromine and bromine chemicals at Khavda in Kutch, the company has plans to leverage its globally competitive bromine capacities and its technology development competence to forge value creating alliances with leading multinational concerns for the development of their requirements of bromine chemicals.

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