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Polychem Ltd. Company History and Annual Growth Details

The Company was incorporated on 24th October, 1955 at Bombay.The Company manufactures styrene, polystyrene, vinyl chloride, polyvinyl chloride, polyethylene, cellulose, plastics, thermosetting plastics, thermoplastic materials and other chemical products. The products are marketed under the trade names `STYRON',`POLYSTYRENE' and `POLYNITF'.

With a view of diversification, the Company proposed to enter into the electronic components field by promoting a new company.

In 1983-84, the Company received approval of Government for modernising polysterene plant.

Use of Dow trade mark "STYRON" for polystyrene formulations was discontinued with effect from 1st September, 1978 and polystyrene material was included in the trademark of "POLYSTRON".

The Company entered into a collaboration agreement with Dow Chemical A.G., West Germany.

After receiving approval of the concerned authorities, as on 27th May, 1987, Dow Chemical AG, diverted their entire holding of 9,00,000 equity shares in Polychem Ltd.

2010

-Mr. Devang Vyas and Mr. Chetan Desai has been appointed as Additional Directors of the company.

2012

-Mr. Nandish T. Kilachand has been appointed as Additional Director of the company.

2014

-Mr. A. H. Mehta has been appointed as Additional Director of the company.

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