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Godrej eyes synergy across chemical biz
Godrej Group has set up a council to explore synergies, maximize output and review opportunities for its chemicals businesses across group companies, Nadir Godrej, chairman of Godrej Industries Ltd, said in an interview. Godrej Industries, for instance, has an oleochemicals business (chemicals derived from vegetable and animal oils), while group company Godrej Agrovet has a crop protection chemicals business. It is not something very formal because it has just started. And I’d like to mention that we similarly have a manufacturing council, which is just like a coordinating group," he added. These are used as raw materials by consumer goods, pharmaceutical and food industries. Astec is also starting a new research and development centre. Source - MINT #godrej
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