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Momentive and Kanoria link in phenolic resins, formaldehyde and hexamine JV

5:58 AM MDT | October 24, 2013 | Natasha Alperowicz

Kanoria Chemicals & Industries (KCI; New Delhi) has signed a non-binding memorandum of understanding (MOU) with Momentive Specialty Chemicals to form a joint venture to produce and sell specialty phenolic resins, formaldehyde and hexamine in India, the companies announced today. The jv will construct a new phenolic resins plant at Kanoria’s existing production facility at Vishakhapatnam in the Indian state of Andhra Pradesh. In addition, for a cash consideration, Kanoria will transfer its existing manufacturing facility at Visakhapatnam to the...

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