Gujarat Fluorochemicals enters into an agreement for disinvestment in its JVC

25 Jul 2016

Gujarat Fluorochemicals has entered into an agreement for sale of its stake in its Joint Venture Company (JVC) - Xuancheng Hengyuan Chemical Technology Company, China. In view of the same, Xuancheng Hengyuan Chemical Technology Company, China will cease to be a JVC of Gujarat Fluorochemicals on receipt of approval from the relevant regulatory authorities and transfer of Gujarat Fluorochemicals’ shareholding in the JVC.

Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.

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