The Stakeholders

Ashapura Minechem Limited (AML), a company incorporated in 1982, under the Indian Companies Act, 1956, is listed on the Mumbai, Delhi, Chennai and Ahmedabad Stock Exchanges. AML is the sixth largest producer and exporter of Bentonite and Bentonite value added products in the world. AML is the flagship company of the Ashapura Group, which owns large Bentonite mining reserves and mining leases and has access to substantial reserves of Bentonite in India.

AML is the largest mine owner, organized producer & exporter of Bentonite in India and has pioneered the production of Bentonite. Its contribution in this field is best demonstrated by the fact that "Ashapura" has become a synonym for Bentonite in India. The operations started in 1960 as a partnership firm under the name, Ashapura Minechem Industries. In 1982, this concern was converted into a limited company.

Through continuous research & development, AML has produced a number of value added Bentonite products which are used in various industries such as oil well drilling, iron & steel foundry, oil bleaching, iron ore pelletization, civil engineering, ceramics, agriculture feed, etc. AML's products are exported to 23 countries in all continents and account for nearly 84% of the Bentonite product exports from India.

Volclay International (VI), is a company registered in Delaware, USA, as a subsidiary of AMCOL and sister concern of American Colloid Company. VI was incorporated in February 1996 to make investments outside U.S.A.

American Colloid Company (ACC), an AMCOL Group Company, is the world's largest producer and exporter of Bentonite products. ACC produces and supplies Bentonite products to all end use markets and possesses highly developed technology to process and produce superior quality, value added Bentonite products. The other operations of AMCOL Group include Bentonite-based additives, environmental technology products and transportation. AMCOL group has plants, mines and other facilities in U.S. A., Canada, U.K. and Australia. AMCOL International is a supplier of specialty chemicals and minerals, providing products and technologies for a wide range of industrial and consumer related markets worldwide. The company's product range also includes Pet litter and landfill liners.

Technical Arrangement

Mizusawa Industrial Chemicals Limited, Japan, since the last 60 years, is in the field of manufacturing Activated Bleaching Earth by using Filterless Technology. This cost effective technology developed by MICL eliminates many cumbersome stages and storage tanks normally associated with the filter technology.

It must be mentioned that this is the first time Mizusawa has given technology and use of its brand name anywhere outside Japan. MICL has also permitted the use of Trademarks "Galleon Earth" and "Galleon Brand" by Ashapura Volclay Limited.