Ciba India Limited
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BSE Code:
532184
NSE Code:
CIBASPEC
Business Profile
Business Profile
Ciba India (CIBAINDIA) is engaged in the manufacturing, selling and trading of a wide range of specialty chemicals. It was formed when the chemicals division of Hindustan Ciba-Geigy was hived off in 1996 and got its present name on Dec. 19, 2007. The company is part of Ciba, headquartered in Basel, Switzerland, with business interests in plastics, paper, automobiles, buildings, home and personal care products across more than 120 countries.
The company offers specialty chemicals such as additives, coating chemicals, water treatment and paper treatment chemicals, home and fabric care chemicals and personal care chemicals to a number of industries including petrochemicals, lubricants, oil, gas, automobiles, paper, paints, plastics, inks, electronics material, packaging, water treatment, and home and personal care products.
The manufacturing facility located at Santa Monica in Goa is a global sourcing points for Ciba. Since March 2007, this facility manufactures UV absorbers. It continues to manufacture textile chemicals for Huntsman International (India) as part of the agreement relating to sale of the erstwhile textile effects business. A research and technology center in Mumbai conducts specialized research and development activities.
The business segments align closely with customer industries by offering integrated and complete solutions including a wide range of knowledge-based services and expertise and follow a tailored approach to individual customer needs creating strategic partnerships that link core competencies of the company with end user markets. Virchow Drugs, a subsidiary, manufactures the antibacterial agent Triclosan, which is used in personal care products like toothpaste, soaps and fabrics.
The registered office is located at Plot No 37, Chandivali Farm Road, Chandivali, Andheri (East), Mumbai-400072.
Financials
Ciba India registered a 80% growth in net profit to Rs 54 million for the quarter ended December 2007 from a profit of Rs 30 million for the quarter ended December 2006.
Net sales rose 12.28% to Rs 1,262 million for the quarter ended December 2007 from Rs 1,124 million for the quarter ended December 2006.
Total income rose 14.08% to Rs 1,288 million for the quarter ended December 2007 from Rs 1,129 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 3.99 for the quarter ended December 2007.
Recent Developments
11-APR-09
German chemicals giant, BASF has successfully completed its acquisition of Ciba Holding AG (also known as Ciba Holding), promoter company of Ciba India.