DCM Shriram Consolidated (DSCL), an integrated business entity with presence in the Agri-rural, Chloro-Vinyl sector and Polymer Compounding in India, has entered into a Joint Venture Agreement for its Polymer Compounding business with Axiall Corporation, a North American manufacturer of Chloro-Vinyl, Aromatics and Building Products.
Under the agreement, subject to customary closing conditions and regulatory approval, Axiall will invest Rs. 34.65 crore in SVP (a 100% subsidiary of DSCL) to acquire a 50% stake in SVP. Consequently, SVP will have access to Axiall’s Polymer Compounding Technology and market knowledge. This arrangement is intended to enable SVP to launch latest-generation Polymer Compounds in India, offering more cost-effective Polymer Solutions for different applications to Indian customers.
DCM Shriram Consolidated is an integrated business entity, with a presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The company is one of the leading players in Polymer Compounding in India.
Under the agreement, subject to customary closing conditions and regulatory approval, Axiall will invest Rs. 34.65 crore in SVP (a 100% subsidiary of DSCL) to acquire a 50% stake in SVP. Consequently, SVP will have access to Axiall’s Polymer Compounding Technology and market knowledge. This arrangement is intended to enable SVP to launch latest-generation Polymer Compounds in India, offering more cost-effective Polymer Solutions for different applications to Indian customers.
DCM Shriram Consolidated is an integrated business entity, with a presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The company is one of the leading players in Polymer Compounding in India.
No comments:
Post a Comment