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Regions :: India/Pakistan
Vertellus Enters Indian Market Through JV
12:25 PM MST | January 18, 2011 | Kerri Walsh
Vertellus Specialties (Indianapolis) has formed a joint venture with Vapi Products Industries (Valsad, India) to manufacture and distribute specialty chemicals globally. Vertellus says it will control a majority stake in the jv, but did not provide specifics. Vertellus will operate the jv's manufacturing plant at Gujarat. Financial terms of the deal were not disclosed. The jv is currently called Vapi Products, and Vertellus says it plans to rename it Vertellus Specialty Materials. The deal provides Vertellus with a production base in India. Vapi...
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