TITLE

GACL to invest Rs 2,500 cr in venture with German major

PUB. DATE
April 2011
SOURCE
Chemical Business;Apr2011, Vol. 25 Issue 4, p60
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the joint venture formed by Gujarat Alkalies and Chemicals Ltd. (GACL) with Evonik-Degussa GmbH for the diversification of its product portfolio and reduction of dependence on caustic soda. A total of 1,800 crore rupees will be invested by GACL for the establishment of a plant to manufacture polyols. A memorandum of understanding (MOU) was signed by the companies at the Vibrant Gujarat Global Investors' Summit in January 2011. A brief background on GACL is presented.
ACCESSION #
60707120

 

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