Tuesday, 11 February 2014

DSCL enters into a joint Venture with Axiall Corporation

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.

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