Indofil enters into JV with world's leading polymer additives manufacturing company, Reagens
Indofil Industries Ltd announced its Joint Venture with world's leading polymer additives manufacturing company, Italy-based Reagens on February 13, 2019 titled Indo-Reagens Polymer Additives Pvt. Ltd. (IRPA). Reagens is a Polymer Additives company based in Bologna, Italy founded in 1950. It is a global-scale manufacturer of specialty chemicals for PVC and other thermoplastics. Indo-Reagens Polymer Additives Pvt. Ltd. Is all set to become a new force in the supply of additives to PVC and CPVC sectors in India
The JV will also be constructing a new a state-of-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. Also, this collaboration will offer technical support and services from its regional application laboratory centres based at Thane and Delhi, supplemented by support from existing Reagens' facilities.
Mr K K 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 added, "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."
Indo-Reagens Polymer Additives Pvt Ltd will offer a complete product range including heat stabilizers, acrylic based impact modifiers and processing aids, lubricants, functional fillers, and various specialty additives.