The latest business development in Amines & Plasticizers Ltd (APL) is the merger of its engineering division with APL Engineering Limited (APLEL). The merger was announced on August 10, 2023, and is expected to be completed by the end of the year.
The merger is a strategic move by APL to consolidate its engineering operations and improve its efficiency. APEL is a leading provider of engineering services in India, with a focus on the oil and gas, power, and infrastructure sectors. The merger will allow APL to offer a wider range of engineering services to its customers and to expand its market share.
In addition to the merger, APL is also expanding its manufacturing capacity for specialty ethoxylates and propoxylates. The company is investing in a new plant in Navi Mumbai, which is expected to be completed by the end of 2023. The new plant will increase APL’s production capacity by 50%.
APL is also expanding its marketing and sales operations in international markets. The company has recently appointed new distributors in Europe and Southeast Asia. APL is targeting these markets as part of its growth strategy.
Overall, the latest business developments in APL are positive. The merger of its engineering division with APEL will strengthen its engineering capabilities, while the expansion of its manufacturing capacity and marketing and sales operations will help it to grow its business.
Here are some other recent developments in APL:
- The company received the “Best Performance in Export” award from the Solvent Extractors’ Association of India (SEA) in 2022.
- APL was ranked 10th in the “Top 50 Chemical Companies in India” by the Chemical Weekly magazine in 2022.
- The company was awarded the “GreenPro Certification” by the Confederation of Indian Industry (CII) in 2022.
These developments indicate that APL is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the future.