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People & Business :: Companies

DCM Eyes Chlor-Alk Deal

1:43 PM MDT | March 14, 2007 | Peck Hwee Sim in Bangkok

DCM Shriram Consolidated (New Delhi), India’s number three chlor-alkali producer, is “seriously” exploring acquisitions in the domestic market as part of its growth strategy, says executive director, S.K. Agrawal. The chlor-alkali market is fragmented, with the top-three producers accounting for about 40% of the 2.5-million m.t./year of caustic soda capacity, Agrawal says. DCM has about 200,000 m.t./year of caustic capacity, Agrawal says. Gujarat Alkalies and Chemicals (Gujarat, India) has about 400,000 m.t./year, and Grasim Industries (Nagda...

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