DCM Shriram Consolidated (DSCL) has entered into a Joint Venture Agreement (JVA) for its Polymer Compounding business with Axiall Corporation, a North American manufacturer of Chloro-Vinyl, Aromatics and Building Products.
Under the agreement, subject to customary closing conditions and regulatory approval, Axiall will invest Rs 34.65 crore in SVP (a 100% subsidiary of DSCL) to acquire a 50% stake in SVP. Consequently, SVP will have access to Axiall’s Polymer Compounding Technology and market knowledge. This arrangement is intended to enable SVP to launch latest-generation Polymer Compounds in India, offering more cost-effective Polymer Solutions for different applications to Indian customers.
DCM Shriram Consolidated is an integrated business entity, with a presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The company is one of the leading players in Polymer Compounding in India.
