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DSM Forms Specialty Composite Resins Joint Venture with Kemrock in India

12:45 AM MST | March 1, 2011 | Deepti Ramesh

DSM says it will form a partnership with Kemrock Industries (Vadodara, India) for the production of specialty composite resins in India, and the two companies will invest a total of $25 million in the joint venture, which will be based at Pune. DSM will hold 51% stake and Kemrock will hold 49% in the jv. DSM also plans to establish its own local marketing and sales company for composite resins to serve the Indian market. Through this partnership, DSM expects to structurally strengthen its presence in India. The jv partners will utilize and leverage each...

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