Colour-Chem Limited

1960s 
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1959-60 :Public Issue of 35,000 equity shares of the face value of Rs.100/- each
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1961-62 :Rights Issue of Rs.25 lakhs to the shareholders to finance a Phthalocyanine project.
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1964-65 :Plant for the manufacture of Phthalocyanine Blue commissioned.
Additional land of 10 acres adjacent to the factory was purchased. 
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1967-68 : Production of Phthalocyanine Green and Phthalogen Brilliant Blue IF3G commenced.
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1970s 
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1970-71 :The Company’s registered office shifted to Ravindra Annexe.
Erection of Intermediates Plant was completed and production commenced.      
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1973-74 :Issue of bonus shares in the ratio 1:2.
R&D Centre inaugurated by the Hon’ble Minister for Industrial Development, Science & Technology, Mr. C. Subramaniam.
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1974-75 :R&D Centre recognised by the Department of Science & Technology, Government of  India.
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1976-77 :Issue of bonus shares in the ratio of 3:8.
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1978-79 :Company’s factory at Roha commissioned.
Production of Organic Pigments and 3,3"  DCB at Roha factory  commenced.
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1980s 
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1979-80 : Issue of bonus shares in the ratio of 2:5. 
ETP commissioned at Thane.   
Joint venture company in Sri-Lanka - Haycolour Limited  -  was incorporated.
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1981-82 :Colour-Chem became a joint sector co- promoter of Vanavil Dyes & Chemicals Ltd.  (VDCL) with a stake of 25% in its equity capital.
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1986-87 : An "On-site Disaster Plan" was introduced at Thane and Roha.
Secondary (biological) Effluent Treatment Plant was  set up.
Installation of an incinerator for disposal of  liquid and solid chemical sludges was completed at Roha.
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1988-89 :Hoechst AG acquired 16.4% equity holding of  Bayer AG.
Colour-Chem acquired TIDCO’s shares in VDCL  bringing its stake in VDCL to 51%.
Technical Consultancy Agreement with  Bayer AG was terminated effective 31 July 1989.
Agreement with wholesale selling organisations was terminated and Colour-Chem’s own Marketing Division was set up.
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1990s
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1989-90 :Hoechst AG formally became the sole  technical / financial collaborator on 22 February 1990.
Regional Marketing Offices were set up at Ahmedabad, Calcutta, Delhi, Madras.
Technical Service Centre for leather was set up at Kanpur.
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1991-92  :The modernized Diketene Plant was commissioned on 29 November 1991.
Hoechst AG increased  its equity holding to 40%.
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1992-93 :Shareholders approved preferential allotment  of shares to Hoechst AG and a Rights Equity Issue in the ratio of 1:5.
A preferential allotment of 168,800 equity  shares to Hoechst AG at a premium of Rs.600/- per share  was completed in December 1992  increasing its holding from 40% to 50.52%.
The modernised Phthalocyanine Green Plant and upgraded ETP facilities at Thane works was commissioned in March 1993.
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1993-94:During May 1993,  a Rights Equity Issue in  the ratio of 1:5 to shareholders  and Preferential Equity Issue to employees at a premium of Rs.500/- per share was made. 
On allotment of these shares in July 1993, Hoechst AG’s shareholding declined marginally to 50.1%.
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1995-96:Textile Dyes business was exited; Toll Manufacture of reactive dyes, disperse dyes and pigment emulsions on behalf of DyStar India commenced on 1 September 1997.
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1998-99:Mowicoll®, Colour-Chem's first consumer product was launched in October 1998.
Colour-Chem's first Voluntary Retirement Scheme (VRS) was introduced in two phases and resulted in the separation of 443 employees.
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2000s
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1999-00:The Company's shares were inducted into the National Securities Depository Limited as well as Central Depository Services (India) Ltd. to enable shareholders to hold and trade the securities in electronic form, if they so desire.
The Company launched its website - www.colour-chem.com - on 8th March 2000. The website goes beyond presenting a corporate brochure to being a central repository of useful information about the Company for those who are interested in "doing business" with Colour-Chem.
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2000-01:The Reserve Bank of India approved the disinvestment of Colour-Chem's holding of 24,000 Equity Shares of face value of Rs. 100/- each in Haycolour  Limited, Sri Lanka to M/s. Hayleys Textile Services Limited, Sri Lanka at par value. 
The Company was conferred the Golden Trading House Certificate in recognition of its long-standing contribution to exports.
The face value of the equity shares of the Company was subdivided from Rs.100/- each to Rs.10/- each effective 25 October 2000.
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2001-02:The Company successfully went live with the upgrade of its SAP ERP systems to SAP R/3 4.6C - one of the first complete implementation sites in the chemicals manufacturing sector.
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2006 :The Company acquired 100% Equity Shares of Chemtreat Composites India Pvt Ltd, Navi Mumbai and the manufacturing unit at Khopoli, at the cost of Rs 90 million. Chemtreat Composites India Pvt Ltd is engaged in the business of manufacture of Polysilazane Resins.

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