April 23, 2014 10:53 PM ET

Industrial Conglomerates

Company Overview of Archean Group

Company Overview

Archean Group operates as a diversified conglomerate that engages in industrial salts, building materials, mining and minerals, industrial chemicals and fertilizers, shipping and shipbuilding, and oil and gas services businesses. Its industrial salts business includes production of triple refined iodized salt and industrial-grade salt for customers in India, Kenya, Ethiopia, and Sri Lanka; and building materials business comprises supply of custom-designed and cut stones to buyers in Europe and North America, as well as provision of construction materials to the building industry in the Middle East. The company’s mining and minerals business includes operation of iron ore mines in India and ...

5th Floor

Tower 2

TVH Beliciaa Towers

No.94, MRC Nagar

Chennai,  600028

India

Founded in 1982

Phone:

91 44 4303 3444

Fax:

91 44 4303 3555

Key Executives for Archean Group

Group Chief Financial Officer
Group Chief Operating Officer
Executive Director
Executive Director
Executive Director
Compensation as of Fiscal Year 2013.

Archean Group Key Developments

Archean Reportedly Bids For Siarkopol

Archean Group has made a bid to participate in the privatization of 85% stake in Kopalnie i Zaklady Chemiczne Siarki Siarkopol S.A. (Siarkopol). Archean is one of the three shortlisted bidders for Siarkopol. The Times of India reported that Archean could not be reached for immediate comments. Poland is expected to announce the winner of Siarkopol in the next couple of weeks.

Clean Coal Technologies, Inc. Announces Joint Venture with Archean Group in ASEAN Region

Clean Coal Technologies, Inc. announced the formation of Good Coal PTE. Ltd., a Joint Venture between Archean Group and Clean Coal Technologies. Under the agreement, as previously announced, the joint venture company will develop, deploy and market Clean Coal Technologies' Pristine-M(TM) technology throughout the ASEAN region. The JV will be owned 55% by Archean Group and 45% by Clean Coal Technologies. Through the JV partnership, a 1:10 scale commercial unit of the patented clean coal process is to be constructed in Oklahoma. Beyond the $2 million estimated cost of the pilot plant, Archean Group has committed to contribute $2.0 million to the JV.

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