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Arkema takes minority stake in Indian castor oil producer (Update)
7:04 AM MDT | April 11, 2013 | Natasha Alperowicz
Arkema has signed an agreement with Jayant Agro (Mumbai) to acquire a 25% stake in Ihsedu Agrochem (Mumbai), a subsidiary of Jayant Agro specializing in the production of castor oil, Arkema announced today. The joint venture aims to develop castor oil production to provide Arkema with long-term, secure, and competitive access to this raw material for use in the production of Arkema’s biosourced polyamides, the company says. The new alliance will continue to operate under the Ihsedu Agrochem name. Financial terms of the deal were not disclosed, but...
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