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History of Alfa Laval [Indias] Ltd.

1937

- The Comp. was incorporated in December under the name Vulcan Trading Co. Ltd., as a trading Comp. & commenced business shortly thereafter. It was a wholly owned subsidiary of Svenska Tandsticks Aktieboleaget [the Swedish Match Companys]. The Comp. Manufacture products & process systems for dairy, food processing, chemicals, pharmaceutical, marine, power & engineering industries. Manufacture and sale of wide range of centrifugal separators, plate heat exchangers, spray drugers, refrigeration compressors, custom fabricated equipment for exotic metals, etc.

1961

- A factory was set up at Dapodi, Pune for manufacture of plant and machinery required by food, dairy, chemical & pharmaceutical industries.

1965

- The Alfa-Laval Ltd., the Indian subsidiary of Alfa-Laval AB of Sweden, set up independent manufacturing facilities on neighbouring land in Pune.

- In October, Vulcan Trading & Alfa-Laval merged to form Vulcan-Laval limited The Comp. became a deemed public limited Comp. by virtue of Company Act as amended in 1960.

- The Comp. entered into collaboration agreements with Alfa-Laval AB, Sweden covering technical assistance for manufacture of milk plant equipment, farm equipment, DE-Laval centrifugal separators, plate heat exchangers & other equipment for various industrial applications.

- The third agreement entered into with Anhydro A/S, Denmark, covered the manufacturing of bottling plants for bottling milk & other beverages.

- The fourth agreement was with Kamas Kavarnmaskimer AB, Sweden for the manufacture of silos for storing grains, seed cleaning plants and cattle feeding plants.

- 63,000 shares allotted to members of Alfa-Laval, Ltd., on its merger. Till date, 4,62,500 shares issued without payment in cash.

1969

- The Comp. made its first ever public issue in May, which was largerly oversubscribed.

- One of major strengths of Comp. is project management. Its capability ranges from engineering complete process systems to manufacture, installation & commissioning of plants such as dairies, breweries, vegetable oil processing plants, fruit juice plants, processed food plants & refrigeration plants on a turnkey basis.

1975

- 5,66,896 Bonus Equity shares issued in the prop. 11:17.

1977

- Approval of Government was received for diversification into the manufacture of sophisticated moulding & shot blasting machines and hydraulic presses with technical assistance from Arence-BMD Machinenfabrik GmbH, West Germany.

- 42,300 Right shares issued [prem. Rs 3 per share; prop. 1:10s] to resident Indian shareholders.

1978

- During August-September, the Swedish Match Comp. & Alfa-Laval AB, disinvested their shareholding in the Comp. to the extent of 1,20,000 shares at a premium of Rs 6 per share. These were sold to the financial institutions as follows: [is] 72,919 shares to ICICI including 62,500 shares needed for discharge of convertibility option of the Rupee term loan of Rs 50 lakhs, [iis] 23,541 shares to UTI, [iiis] 11,770 shares of LIC & [ivs] 11,770 share to GIC & its subsidiaries.

- 8,32,184 shares issued [prem. Rs 6 per sharess] during Aug./Sept. 1978: 6,59,265 shares as rights to resident Indian shareholders in prop. 3:2; 1,00,000 shares to Indian directors, employees & business associates; 36,459 shares to UTI; 18,230 shares to LIC & 18,230 shares to GIC & its subsidiaries.

1979

- The Comp. received the approval of Govt. for technical collaboration with Titanium Fabricators Ltd., Sheffield, U.K., for specialised chemical plant fabrication.

1980

- Alfa-Laval AB, Sweden which hitherto held 13% of Company total equity, acquired during the entire shareholding [26%s] of Swedish Match Co., Sweden in the Company.

1983

- The Comp. undertook to set up a factory at Satara, a notified backward area in Maharashtra State, to undertake the manufacture of dairy equipment. This plant was commissioned in January.

1985

- 11,58,750 Rights shares issued [prem. Rs 30 per share; prop. 1:3s]

1986

- 17,38,125 Bonus Equity shares were issued in prop. 1:2.

1987

- The Comp. introduced laser heat exchanger systems for greater thermal efficiency & a process for development of unconventional edible oil. In addition, new model of centrifugal separators were developed.

- Satt Control [Indias] Ltd., became a subsidiary of Comp. With effect from 1st April, 1990 this subsidiary was merged with the parent Company. Alfa Laval Financial Services Ltd., is a subsidiary of the Company.

- In view of Company long association with Alfa-Laval AB, Sweden, the Comp. changed its name from Vulcan-Laval Ltd., to Alfa-Laval [Indias] Ltd., with effect from 12th May.

1989

- 26,07,187 Bonus Equity shares were issued in prop. 1:2.

1990

- With the amalgamation of Satt Control [Indias], limited a wholly-owned subsidiary of Company, a new business centre was started to deal with & develop further the business of process control instrumentation & automation systems.

- The Comp. acquired land at Thane for setting up a re-gasketting unit for plate heat exchangers.

- A technology centre was set up at Pune with sophisticated testing facilities. Latest products developed & introduced include brew-house equipment & the latest versions of sophisticated centrifugal separators & plate heat exchangers for various new industrial applications.

- The Company, in colloboration with Saunders Valve Co. Ltd., of U.K., promoted during the year a new subsidiary company, namely, Saunders Valves [Indias] Ltd., to manufacture a series of industrial diaphragm valves & allied products.

- The Comp. subscribed to 60% of equity capital of Rs 4 crores, the remaining capital being subscribed by Saunders Valve Co. Ltd., of U.K.

- 39,10,781 Bonus Equity shares issued in prop. 1:2.

1991

- The Comp. was permitted by Government of India, to raise the equity stake of its collaborators, Alfa-Laval AB, Sweden [ALABs], from 39.92% to 51%.

- The Comp. proposed to enter into a technical collaboration agreement with Lavrids Knudsen Maskinfabrik A/s, Denmark.

- The Comp. was to subscribed to 49% of LKMI equity capital of Rs 100 million while the remaining 51% was to be contributed by Danish collaborators.

1992

- The Product range of Dairy Farm Equipment India Ltd., comprises of milking machines and system, farm pastewrisers & computerised feeding systems. Its name was changed to Alfa Laval Agri [Indias] limited Tetra Pak India Ltd is also an associate company.

- Alfa Laval AB, Sweden which holds 51% of Company equity capital changed its name to Alfa Laval Holdings Amsterdam AB, with head quarters in Netherlands.

- The Comp. is a subsidiary of Tetra Laval Holdings AB, Sweden & is a part of Tetra Laval group. This was in view of fact that Tetra Pak & Alfa Laval were united into a joint organisation viz., Tetra Laval Group.

- 17,62,115 shares issued as rights [prem. Rs 63 per share; prop. 1:4s] to resident Indian shareholders in December. Another 88,105 shares [prem. Rs 63 per shares] allotted to employees. 45,78,004 shares [prem. Rs 63 per shares] allotted to Alfa Laval AB, Sweden to Maintain their holding at 51%.

1993

- 84 No. of Equity shares were kept in abeyance as their ownership and title were under dispute. This is as per court order dated 21.3.1990.

2001

- The Comp. has completed the formalities relating to the acquisition of 74 per cent equity stake in Lavrids Knudsen Maskinfabrik [Indias] limited LKM has now become a wholly-owned subsidiary of company.

- The Comp. has, in April 2001, sold its entire shareholding of 24,70,000 No. of equity shares in Alfa Laval Saunders [Indias] Ltd., and the consideration of Rs. 29,640,000 therefor has been received.

2002

-Mumbai High court passed necessary orders sanctioning the scheme of Amalgamation of Lavrids Krudsen Maskinfabrik [Indias] Ltd with Alfa Laval [Indias] Ltd.

-Alfa Laval has joined with Katzen Inc, to source technology for ethanol fuel production plants.

-A delegation from Thailand, consisting of Latex Mill owners along with Mr. Norrgren,MD of Alfa Laval Thailand visited the plant of Alfa Laval [Indias] Ltd at Pune.

2003

-Mr.Yannick Richomme has resigned as the director from the board of Alfa Laval [Indias]Ltd

2004

-Alfa Laval India Ltd has informed that the Comp. secured a prestigious order of approx. Rs 760 million for two nos Evaporation systems from Vedanta Aluminium Ltd a part of London- listed metals & mining group

2005

-Alfa Laval secures distillery order from OGPSCL