Multibase India has terminated license agreement with Dow Silicones Corporation (Dow), due to global restructuring of the Dow group. The agreement was executed on June 21, 2016.
The company did not have any long term contracts for the manufacture and supply of antifoaming products, which was being undertaken on a purchase order basis by the company.
Multibase India is an India-based company. The company is engaged in the business of manufacturing of high-technology thermoplastic elastomeric compounds and has diversified into the manufacture and sale of products, such as silicon-enhanced products.