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SPIC and TACF: possible merger

30 April 1998: Reports say that Southern Petrochemical Industries Corp (SPIC), India, and its affiliated company Tuticorin Alkali Chemicals and Fertilizers (TACF) may merge as a result of a feasibilit…

30 April 1998: Reports say that Southern Petrochemical Industries Corp (SPIC), India, and its affiliated company Tuticorin Alkali Chemicals and Fertilizers (TACF) may merge as a result of a feasibility study by the group parent MA Chidambaram. The result will be affected by the government“s decision on the way it handles subsidies for decontrolled fertilizers, such as ammonium chloride, which is made by TACF, with soda ash and pesticides at its plants in Tuticorin and Tamil Nadu, India. It is planning to raise soda ash capacity from 73,000 tonnes/year to 115,000 tonnes/year and ammonium chloride from 67,500 tonnes/year to 105,000 tonnes/year. Spic makes urea, a controlled fertilizer, diammonium phosphate, caustic soda and similar chemicals at Manali, India.

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