Thermax has entered into a License and Technical Assistance Agreement with Flowtech, South Korea (Licensor) to obtain technology to manufacture Poly Carboxylate Ether products to strengthen its construction chemicals business portfolio.
The lock in period of the agreement is 4 years. The total consideration will be $300,000, 50% will be adjusted against royalty payment and balance as refundable deposit till agreement period.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
