A joint venture agreement was signed last August in India between Litokol and the chemicals group Pidilite Industries Ltd, listed in the Mumbai stock exchange.
The aim of the new joint venture is to produce epoxy, polyurethane and other two-component reactive compounds for the ceramic and construction industry, a field in which Litokol has been an international leader for some time thanks to the quality of its products and strong innovative drive in Research and Development.
With an initial investment of roughly 4 million Euros, the two partner companies gave life to a Newco with headquarters in Mumbai, which will operate in a co-branding logic and develop targeted, specific products for the Indian territory
