National Organic Chemical Ind Ltd （NOCIL)
Indian Oil Corporation (IOC)が同社買収を計画
India's NOCIL closes unprofitable petchems division
Source: http://www.indiainfoline.com/comp/noci/mr01.html
NOCIL a Mafatlal group company, the first company to set up a petrochemical complex in the country has recently received approvals from financial institutions to go ahead with its restructuring plans. The Company has decided to restructure the business by splitting into three new companies viz. Nocil Petrochemicals, Nocil Rubber and Nocil.
Nocil catalysed by stake sale reports
http://in.biz.yahoo.com/020125/103/1ekjz.html
According to media reports, India's largest refiner Indian Oil Corporation (IOC) is planning to buy a stake in Nocil in an attempt to fulfill its ambitious plans in the chemicals sector. An IOC team had visited Nocil's Thane plant to assess the project's viability recently. The move is likely to breathe new life into Nocil's plans to set up a 7-lakh tonne, over Rs 4,000-crore petrochemicals complex in Maharashtra.
事業 http://www.indiainfoline.com/comp/noci/mr01.html
Nocil has a capacity to produce 65,000 tpa of ethylene and 35,000 tpa of propylene, 17,000 tpa of Benzene and 10,000 tpa of Butadene. In addition to own production, the Company sources about 20000-22000 tons of ethylene from IPCL through a direct pipeline. Ethylene is used in downstream manufacturing of - Ethylene Oxides/Ethylene glycol (20,000 tpa), PVC (7000 tpa), HDPE (50,000 tpa) which are intermediates for production of EO/ EG. The Company also has a capacity of 7000 tpa of PVC. Post-merger of Polyolefins India Ltd (PIL), the Company has also acquired downstream capacity to produce HDPE of 50,000 tpa.
Restructuring
Future plans and outlook
Shell has planned Rs45bn expansion to increase its cracker capacity to 0.45m tpa by 2003. It has also planned to set up plants to manufacture 0.21m tpa of polypropylene, 0.45m tpa polyethylene and 0.21m tpa of benzene/ toluene and xylene. The company has already expressed its willingness to bring in Rs10bn as equity funds as contribution towards the projects. Shell, the global petrochemical giant will pick up 49% of the stake in Nocil Petrochemicals and contribute to the mega expansion project likely to complete only in the year 2003.
2002/6/5 Platts
India's NOCIL closes unprofitable petchems division
India's National Organic Chemical Industries has closed permanently its petrochemicals division at Thane, also known as Navi Mumbai, because of lack of funds, it said in a statement to the BSE stock exchange at Mumbai. The closure took effect from May 21. NOCIL had a small-scale naphtha-based petrochemical complex with the capacity to produce 75,000 mt/yr of ethylene; 40,000 mt/yr of propylene; 65,000 mt/yr of high density polyethylene and 12,000 mt/yr of ethylene vinyl acetate.
NOCIL's board said the firm would continue operations at its rubber chemicals and plastics divisions. NOCIL and Basell of the Netherlands had previously been in talks for an integrated, naphtha-based olefin and polyolefin complex at Navi Mumbai, which was supposed to come onstream in 2004. Basell withdrew from the project in June 2001, citing deteriorating market conditions for the near-term.
Platts 2002/9/2
India NOCIL gets approval to shut petrochemical unitsIndia's National Organic Chemical Industries was given permission by the country's Labour Commission to permanently shut down its petrochemical units at Mumbai, the company said in a statement to the Bombay Stock Exchange. NOCIL informed the exchange that the commission gave the permission Aug 30.