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YEAR EVENTS
1962 - The Company was incorporated in 29th September. The Company
manufacture's PVC resins/compounds and fabrication of PVC products.
1978 - During the year company entered into an agreement with the BF Goodrich Co.
for VCM containment technology to be implemented at the Metter Dam Plant.
The Company was involved in the promotion of Peroxide India Ltd., for the manufacture
of Polymerisation initiators at a cost of about Rs. 8.50 crores.
1988 - With effect from 1st April, Mettur Chemical & Industrial Corporation Ltd. (MCIC) and the
four erstwhile Subsidiaries of Chemical and Plastics India Ltd. viz. Veniyl Holdings Ltd.,
Chemplast Investment Ltd. & Selectrie Investment Ltd. were amalgamated with CPIL.
1991 - The second genset of 6 MW capacity was intalled and commissioned during the year.
- DRACHEM SPECIALITY CHEMICALS LIMITED (DSCL), a joint venture in which Dragoco
Gerberding & Co GmbH hold 40% of the equity, is setting up a project for the manufacture
of speciality aroma chemicals is Dharmapuri District of Tamil Nadu.
1992 - As part of the Scheme of Amalgamation, the company's name has been changed from
Urethanes India Limited to Chemicals and Plastics India Limited.
- Mr. N. Sankar was appointed as the Managing Director effective 1st May.
1993 - Mr. K.S. Narayanan, who was appointed as Director in the casual vacancy, holds
office upto the date of the Annual General Meeting. Notices under Section 257
of the Companies Act, 1956 have been received from members proposing their appointment.
1994 - The company's Industrial Alcohol Plants at Krishnagiri and Panruti have been shut down
from November '93 for want of molasses, in spite of the State Government's policy
statement of allotting 60% of molasses for industrial purposes.
- The company has launched a programme to expand PVC capacity to 60,000 tonnes
per annum, and Chloromethanes capacity to 22,000 tonnes per annum.
- Dr. G.S. Laddha, Mr. V. Narayanan and Mr. N. Srinivasan retire by rotation at the ensuing
annual general meeting and are eligible for reappointment.
- The company has absorbed technologies for production of Battery Separator resins,
PVC latex, Water Treatment chemicals, Refrigerant gases, Thermoplastic polyurethanes
in the past. New technology tie-ups for high value added products are being explored.
1995 - The company has ordered three more DG sets for a total capacity of 18 MW. It has
also commissioned wind energy generators with a capacity of 2.5 MW.
- During the year, the company ceased operations at its limestone mines at Sowdapuram
and at the burnt lime plant at Sankari.
- During the year, the company diversified into the shipping industry. The new division,
acquired two dry bulk carriers, "Sanmar Pioneer" and "Sanmar Progress". In the current
year, a third vessel "Sanmar Pride" has been acquired.
- The capacity for production of silicon wafers was increased to 1.7 million wafers per
annum by installing a state-of-the-art wiresaw with a capacity of one million wafers per
annum in the second half of the year.
- During the year, the Company issued bonus shares in the ratio of 1 : 2 and also
successfully placed 42 lac shares at price close to Rs. 200 per share with Flls,
Financial Institutions and other investors. The paid up capital of the company at the
end of the year was Rs. 17.51 crores and Reserves Rs. 158.93 crores.
- It is proposed to merge the wholly owned subsidiary, Metkem Silicon Limited with the
company effective 1st April 1995.
- The company entered into a long term wage agreement with the Unions in plants I and
III with effect from April 1994. Voluntary Retirement Schemes were offered at different
locations.
- Mr. K.S. Narayanan, Mr.R.K.Chari and Mr.N.Kumar retire by rotation at the ensuing
annual general meeting and are eligible for reappointment.
1996 - The company has commissioned twenty five additional wind energy generators,
thereby increasing the total capacity from this source to 8.1 MW.
- The capacity for production of monocrystalline silicon has been enhanced with the
installation of additional equipment during the year.
- The shipping division acquired three more bulk carriers during the year.
- The company's wholly-owned subsidiary, Metkem Silicon Limited, was merged
with the holding company with effect from 1st April 1995 and is functioning as a division
thereafter.
- The Thermoplastics Polyurethane Division of the company has been spun-off into a
joint venture with Bayer AG of Germany.
- The company has entered into a joint venture with Cabot Corporation, Boston,
USA, for manufacture of this versatile product.
- Cabot Sanmar Limited, a 50-50 joint venture between the company and Cabot, is
being set up at Mettur Dam to manufacture and market a range of these products.
- During the year, the company issued cumulative, non-convertible preference shares
for a value of Rs.17.50 crores. Preference dividend has been paid on these shares
upto 15th March 1996, amounting to Rs.73.04 lacs.
- The company also issued 36,00,000 No. of equity shares to warrant holders in July 1995.
- The company entered into a long-term wage agreement with the union in Plant-II, Mettur
with effect from October 1994.
- Mr. N. Kumar was appointed Managing Director, effective 12th April.
1997 - During the year, bonus shares in the ratio of two shares for every three shares were
issued, resulting in an enhancement of the equity capital from Rs.21.11 crores to
Rs.35.18 crores.
- The company entered into long term wage agreements with the workers at
Plant IV, Mettur, and Vedaranyam with effect from January 1995 and April 1996
respectively. A production incentive agreement with workers at Plant I & III was
entered into effective April 1995.
- During the year, Mr G Chidambar resigned from the Board. The Directors
wish to place on record their appreciation of the services rendered during his tenure.
- Dr G S Laddha, Mr V Narayanan and Mr N Srinivasan retire by rotation and are eligible
for reappointment.
1998 - Cabot Sanmar Limited commissioned its project for manufacture of Fumed
Silica in April 1998, well within time and cost estimates.
- The company entered into a long term bonus settlement with the workers, at Plants I, II
and III at Mettur, and at Vedaranyam and Panruti. Long-term wage settlements were also
entered into with the workers at Vedaranyam and Panruti.
1999 - Duff and Phelps, the international credit rating agency, has assigned the highest rating
of Ind D1+ for the company's Commercial Paper programme. The company has
issued Commercial Paper for a value of Rs.10 crores.
2000 - The Company proposes to invest Rs 60 crores in its Mettur complex, for
putting up a oxychlorination plant and expansion of its PVC paste facility.
- Mr. P.S. Jayaraman was promoted as Managing Director, of the company.
- The Caustic Soda business was affected throughout the year by excess indigenous
capacity and soft international prices. Several of the Caustic -Chlor plants in the Country
have been forced to shut down due to lack of viability.
- The Company continues to enjoy the highest credit rating of Ind D1 + (High Grade)
assigned by Duff and Phelps, the International credit rating agency for its commercial
paper programme, and issued Rs.15 crores of CPs during the year.
- Duff and Phelps have also assigned rating of AA (-) (High Credit Quality) for an issue of
Non Convertible Debentures (NCD) of Rs.150 crores. NCDs of Rs.75 crores have been
issued on private placement basis and the funds have been used to replace high cost
debts, thereby reducing interest cots.
- Mr. N. Kumar, ceased to be the Managing Director of the Company effective 30th April,
but continues as a members of the Board and Vice Chairman.
- Mr. N. Kumar and Mr. N. Srinivasan retire by rotation at the ensuing Annual General
Meeting and are eligible for reappointment.
2001 - SPIL Securities (Gamma) Ltd has acquired an additional 22,350 equity shares in the capital
of the company.
2002
-N Sankar reappointed as chairman for 5 years
-Deepak M Satwalekar resigns from the Board and in the resultant casual vacancy, the Board co-opts Adit Jain as Director
2003
- Mr R Sukumaran, Secretary of the Company has left the services of the Company. Mr PU Aravind has been appointed as Secretary and the Compliance Officer of the Company wef December 1, 2003.
-The Company has informed that the equity shares of the company have been delisted from the Delhi Stock Exchange wef December 10, 2003.
-Gets shareholders approval for business recast plan involving demerger of its shipping division, Sanmar Shipping Ltd.
-Board approves acquisition of Caustic Soda business of Kothari Petrochem
-Equity shares delisted from Delhi Stock Exchange
2004
The Sanmar Group, Sanmar Holdings Limited has informed of the details of acquisition, as follows : 1) The Sanmar Group - Promoter Group has on April 20, 2004 acquired 1,05,49,323 shares of Chemplast Sanmar Limited. 2) Sanmar Holdings Limited has on April 20, 2004 acquired 1,04,60,897 shares of Chemplast Sanmar Limited.
2006
-Chemplast Sanmar Ltd has informed that Mr. C H Mahadevan has resigned from the Board of Directors of the Company.
2007
- Chemplast Sanmar Ltd. has informed that Mr M Raman has been appointed as Secretary and the Compliance Officer of the Company with effect from October 31, 2007 in place of Mr P U Aravind. His contract phone numbers, fax number and e-mail are as follows : Phone No. (O) 28128720/ 28128724/ 28128723/ 28128707/ 28128765/ 28128500 (D) 28128722 Fax No. 28112627 e-mail mr1@sanmargroup.com, csl@sanmargroup.com, grd1@sanmargroup.com.
2009
-The company has issued rights in the ratio of 2:3 at a premium of Re 4/- Per Share.
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