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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Solvay Buys Surfactants Firm, Ups Polymers Capacity in India

10:22 AM MDT | September 24, 2012 | —Deepti Ramesh

Solvay says it has signed an agreement to acquire a controlling interest in Sunshield Chemicals (Mumbai), which specializes in surfactants, from Amit Choksey Group. Financial details of the deal were not disclosed. Butstraen: Will speed up growth in India. Sunshield Chemicals, which is listed on the Bombay Stock Exchange (Mumbai), produces and exports surfactants, cross-linkers, and antioxidants. The company recorded sales of Rs943 million ($17.5 million) in the fiscal year ended March 31, 2012. The acquisition is expected to be completed within three months...

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