Chemplast Sanmar has announced that Sanmar Group has entered into an agreement to acquire a chemical business located at Port Said, Egypt, for $ 200 million. The business belonging to Trust Chemical Industries owns a Caustic Soda Plant with a capacity of 200,000 tonnes per annum. The plant also manufactures hydrochloric acid, chlorinated paraffin wax, sodium hypochlorite, ferric chloride, etc.

Further, the company to evaluate the possibility of manufacture of further products at Port Said, such as ethylene dichloride and vinyl chloro monomer using the chlorine available.

The company has also has entered into an MoU to acquire a majority stake in an engineering unit in Germany involved in SG iron castings, and design / machining of auto components. The acquisition will involve the group acquiring 80% stake in that company for euro 16 million.