Manali Petrochemicals acquires UK-based Specialty Company

Manali Petrochemicals (MPL), a part of Singapore’s AM International, has acquired UK-based Penn Globe for £21 million. Penn Globe is a market leader in foam control agents and chemical products like lubricants, surface coatings, release agents and silicone emulsions. The boards of the two companies unanimously approved the acquisition. “The addition of Penn Globe is … Read more

India’s Manali Petrochemicals Reports 464.9% YoY Net Profit Growth for Q2FY22

Manali Petrochemicals Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 47% to Rs 1.17 billion for the period ended September 30, 2021 as against net profit of Rs 797.78 million for the previous quarter. Net sales increased … Read more