Modi Enterprises Group company Indofil Industries Ltd, a Rs 2500 crore giant in crop protection and speciality chemicals, on Thursday announced its Joint Venture with world’s leading polymer additives manufacturing company, Italy-based Reagens, with a consolidated group turnover of Euro 230 million. The new venture, Indo-Reagens Polymer Additives Pvt Ltd will start manufacturing and offering Green Stabilizer range from their unit at Ankaleshwar.
The venture will also begin offering state-of-the-art specialty additives from Reagens units in Europe from 1st April 2019. The JV will also be constructing a new a state-of-art technology plant in Gujarat Industrial Development Corporation’s Special Economic Zone in Dahej in 2019 to offer all green polymer additives to the Indian Polymer processing industry.
