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Modi Group company Indofil joins hands with Italian Reagens for green stabilizer manufacturing
The new venture, Indo-Reagens Polymer Additives Pvt Ltd will start manufacturing and offering Green Stabilizer range from their unit at Ankaleshwar.
The Indofil Industries Ltd, a Modi Enterprises Group company, which is known for its USP (Unique Sale Proposition) in crop protection and specialty chemicals, has announced its Joint Venture (JV) with Italy-based leading polymer additives manufacturing company Reagens today. The new venture - Indo-Reagens Polymer Additives Pvt Ltd - will start manufacturing and offering Green Stabilizer range from their unit at Ankaleshwar. The venture will also begin offering state-of-the-art specialty additives from Reagens units in Europe from April 1, 2019.
The JV will also be constructing a new state-of-the-art technology plant in Gujarat Industrial Development Corporation’s Special Economic Zone in Dahej in 2019 to offer all green polymer additives to the Indian Polymer processing industry.
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Speaking on the development, KK Modi, Chairman & Managing Director – Indofil Industries Ltd and Chairman – Modi Enterprises said, “We are very excited about this partnership with Reagens. Both companies have complementary strengths which can be leveraged to bring sustainable solutions and products used in PVC and CPVC polymers. We hope to combine our expertise and talent and take the JV to its best potential."
Dr Ettore Nanni, Chairman of Reagens, said, “Indofil and Reagens will bring together unique assets, deep technical expertise, as well as ability to identify, scale and customize solutions. We will work together to bring cost-effective and sustainable solutions in the heat stabilizers market.”
It was also announced that the JV will offer technical support and services from its regional application laboratory centres based at Thane and Delhi, supplemented by support from existing Reagens’ facilities.
PVC and CPVC are the major thermoplastic polymers in India by quantity. Key applications include pipes and fittings (hot and cold), wire and cable, cellular and window profiles, medical compounds, and calendaring sheet applications. Even as industrialisation, emphasis on infrastructure, rapid urbanization and boost in the agriculture sector has contributed to the spurt in demand for PVC, the production has not been up to the mark.
Picture caption: The JV will offer technical support and services from its regional application laboratory centers based at Thane and Delhi. Photo:
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