Pidilite Industries has entered into a joint venture with Litokol, a leading Tile Adhesives and epoxy grout manufacturer from Italy, to establish a Joint Venture Company (JVC) in India. The joint venture company will invest in a new manufacturing facility in India.
Litokol will transfer the technology to the JVC while Pidilite will have exclusive distribution of JVC products. This JVC will provide a comprehensive array of products ranging from epoxy, urethane grout and certain epoxy adhesives for tile application. The joint venture entity will service the key markets of SAARC (excluding Pakistan) and Myanmaar.
Pidilite Industries is a well-known name in the adhesives market. The company has diversified into various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations.
