Reliance to Invest $12 billion in Value-Added Chemicals in the Next Five Years

Reliance Industries (RIL) says it plans to invest between $10 billion-$12 billion in chemicals over the next five years. Mukesh Ambani, chairman of RIL, in a wide-ranging inverview with The Economic Times of India, said that the company plans to create a huge rubber business from scratch, with the intention of catering to the Asian tire industry. "In technological innovation, we will see a lot of development potential in what I call value-added chemicals," he said. The company is reinvesting in polyester and plastics as the quality of life in India...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers