PennWhite Limited, UK announced expansion of its direct presence in the Indian market through setting up of a subsidiary in India viz., PennWhite India Private Ltd. PennWhite Limited, based in Middlewich (UK) is a manufacturer of antifoam chemistry under the FoamDoctor® brand, which is sold in more than forty countries. A wide range of other speciality chemicals are also manufactured to service the needs of long-term customers.
PennWhite’s processing aids play an essential part in the products of the world’s biggest brands. The company was acquired in November 2022 by Manali Petrochemicals Limited, India (MPL), India’s only integrated manufacturer of polyols and a part of AM International, Singapore. This formation will enable the company to address the growing needs of the Indian market for premium foam control solutions.
As per the press release, the company is currently assessing the viability of establishing a world-class manufacturing facility in Tamil Nadu, India, in the short- to mid-term to enable local manufacture of selected products of the PennWhite Limited product portfolio according to the highest international standards.
Tobias Tasche, Chief Executive Officer, PennWhite Limited, UK said, “I am happy with the announcement, which is the result of continued focus on our global growth strategy to solidify our leading position in foam control agents and chemical solutions. PennWhite Limited already supply customers in more than 40 countries and we are keen to ensure that we have a strong footprint in one of the world’s most exciting growth markets. We have high growth aspirations in the Indian market with our varied value-based offering: we help customers solve tricky foam problems in their industrial plants, so they can place their focus instead on operations of their plants. It is our intention to continue to provide innovative solutions to help society move to a more sustainable future. We have a strong position already – our speciality products do not use toxic substances and are already widely used to support ecology-friendly processes. Our acquisition by Manali Petrochemicals less than two years ago has now given us a real platform to build on an opportunity to synergise our capabilities and products to strengthen our position in the Indian and neighbouring Asian market with the additional presence of this new entity”.
Chandrasekar Ramaswamy, Wholetime Director and CFO, Manali Petrochemicals Limited added, “It’s great to see the benefits of our recent acquisition of step-down subsidiary PennWhite within the context of our own strategy: MPL Group continue to focus on R & D initiatives in speciality segments in order to deliver eco-friendly process, products and solutions to varied industries and diversified customer needs. These strategic elements are aligned with what PennWhite has been doing for almost two decades already in other parts of the world”.
