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Business
Kaneka, Partners Set Indian Vinyl Venture
by Jean-François Tremblay
December 12, 2011
| A version of this story appeared in
Volume 89, Issue 50
Kaneka and two partners will spend $120 million to build a chlorinated polyvinyl chloride (CPVC) plant in Dahej, in northwestern India. Kaneka will own a 41% stake in the venture, named Trience Specialty Chemicals. India’s Meghmani Organics will own 39% and Mitsui & Co. will hold 20%. Kaneka, which operates CPVC plants in Japan and the U.S., will contribute manufacturing know-how. Meghmani will supply chlorine, and Mitsui will secure polyvinyl chloride. CPVC is used to produce pipe for hot water and industrial uses.
The power is now in your (nitrile gloved) hands
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