Kemrock & DSM Composite Resins AG sign MoU to form manufacturing JV
Written by Vijay   
Wednesday, 03 November 2010
Vadodara: Kemrock Industries and Exports Ltd, a manufacturer of FRP and composites in India, has signed a Memorandum of Understanding (MoU) with DSM Composite Resins AG, Switzerland, to manufacture Unsaturated Polyster and Vinyl Ester Speciality Resins in India. DSM and Kemrock will form a 51:49 joint venture for this purpose.

Both partners will utilize and leverage each other's strengths to provide specialized resin solutions to the fast growing Indian market. Through the alliance with DSM, Kemrock will be able to fortify it's expertise in Composite manufacturing and align it to global standards.

DSM Composite Resins is a part of DSM Resins - a group within the Performance Materials cluster of DSM - and is the largest producer of structural resins in Europe and a technology leader in resins for the composites industry. The company is expanding globally, especially in China and India, targeting high added-value segments. Customers are supported via dedicated Centers of Excellence and served either directly or via its Euroresins distribution network. DSM can claim unique competencies throughout the composites vale chain.

DSM will strengthen it's presence in India and leverage its depth of technological knowledge and global customer relationships.

DSM has annual net sales of about Euro 8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents.

Kemrock, a leader in the field of FRP/GRP composites in India, delivers standard as well as customised solutions that are ideal replacements for conventional materials. The state of the art facility located close to Vadodra in the western part of India provides high-quality engineered advanced composite solutions.

The company's product range comprises of carbon fiber, windmill blades & nacelle covers, railway interiors/ exteriors, telecom towers, pultruded profiles, pipes and many more FRP/GRP composite products. The company's securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Related news
More recent
Earlier on