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Deepak Nitrite approves re-appointment of Shri Maulik D. Mehta as company CEO

May 07/2021

MOSCOW (MRC) -- Deepak Nitrite Ltd., a chemical manufacturer in India, has approved the re-appointment of Shri Maulik D. Mehta as the company's Chief Executive Officer (CEO) for a further period of five years with effect from 9th May, 2021, according to Kemicalinfo
Maulik has around 13 years of experience in the areas of Business Development and has been responsible for the day-to-day business of all the verticals of the Company along with Group Strategy.

As MRC reported before, Deepak Nitrites fully-owned subsidiary Deepak Phenolics started up its new phenol/acetone plant, located at Dahej in the state of Gujarat, on 16 August 2018. The plant, which is operated under Deepak Nitrites wholly-owned subsidiary Deepak Phenolics Limited, is able to produce 200,000 tonnes/year of phenol and 120,000 tonnes/year of acetone. There is also the potential for a capacity expansion in the future. Deepak Phenolics plant is the largest phenol/acetone plant in India.

Deepak Phenolics shut its phenol/acetone plant in Dahej on 25 March, 2020, because of the nationwide lockdown because of the spread of coronavirus. It resumed operations in late April, 2020.

Phenol is one of the main feedstocks for the production of bisphenol A (BPA), which, in its turn, is used for the production of polycarbonate (PC).

According to MRC's ScanPlast report, overall estimated consumption of PC granules in the Russian market totalled 25,000 tonnes in the first quarter of 2021 (excluding imports and exports to/from Belarus), compared to 22,700 tonnes a year earlier. Demand increased by 10%.
Author:Margaret Volkova
Tags:bisphenol a, PC, acetone, phenol, sheet extrusion, Deepak Phenolics, India, Russia.
Category:General News
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