Sayaji Industries has received approval to enter into a Joint Venture (JV) agreement with Societe Developpement Produits Afrique – SDPA, France the holding company of Alland and Robert for manufacturing of Gum Arabic/ Gum Acacia, Gum Ghatti and Gum blends. The Board of Directors of the Company at its meeting held on March 30, 2019 has approved the same.
The JV will be a 50:50 venture, wherein the Company and Societe Developpement Produits will hold 50% each in Sayaji Ingritech LLP which is presently a subsidiary of the company.
Sayaji Industries is one of the largest manufacturers of Starches, Liquid Glucose, Dextrose Monohydrate, Anhydrous Dextrose and Sorbitol in India.
