Akzo Nobel India Ltd - AKZO NOBEL Share Price

Summary

Akzo Nobel India Limited, formerly ICI India Ltd, is into Coatings business. The Coatings business has two main components: Decorative Paints and Performance Coatings and is served by both organised and unorganised sectors. The company sells decorative paint under the well-known brand Dulux. Akzo Nobel India is a subsidiary of Akzo Nobel N.V., a Dutch multinational company.The companys manufacturing activities in India commenced in 1939 with the setting up of Alkali and Chemical Corporation of India Ltd in Rishra, West Bengal. In the year 1954, as the result of an agreement with the Government of India, they set up Indian Explosives Ltd in Gomia. Chemical and Fibres of India Ltd came up in Thane in 1963, manufacturing polyester staple fibre.The company began their fertilizer manufacturing operations in Panki near Kanpur in the year 1969. This was the largest private sector investment in fertilizers in India. The company established ICI Research and Technology Centre in Thane in the year 1976 and a Crop Protection Chemicals and Pharmaceuticals unit came up in Ennore, near Chennai in 1978.In the year 1984, the ICI group companies in India were merged into one corporate which is Indias largest mergers of that time. In the year 1987, Nalco Chemicals India Ltd was formed with Nalco Chemical Company USA and ICI India Ltd, each holding 40% of the equity.In the year 1993, the company divested their seeds, fibers and fertilizers businesses and in the year 1995, agrochemicals business... Read More