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Atul, Nouryon partner to supply fast-growing Indian markets

27 Apr 2021 Evaluate

Atul and Nouryon have successfully started production at Anaven, a new joint venture in Gujarat, India, that will help meet the rapidly growing demand in India’s agricultural, personal care and pharmaceutical markets.

Anaven is India’s largest monochloroacetic acid (MCA) production site, with a current capacity of 32,000 tons of MCA per year, with the possibility of a rapid expansion of up to 60,000 tons per year. MCA is used as an essential raw material for a variety of products, such as adhesives, pharmaceuticals and crop protection chemicals. Atul consumes a portion of the MCA directly in its own production of crop protection chemicals.

Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.

Peers
Company Name CMP
Godrej Industries 1103.20
SRF 2454.00
BASF India 3542.05
Pidilite Inds. 1522.00
Tata Chemicals 734.50
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