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Business
Solvay Buys Indian Surfactants Maker
by Michael McCoy
September 17, 2012
| A version of this story appeared in
Volume 90, Issue 38
Solvay has agreed to acquire a controlling interest in India’s Sunshield Chemicals from the Amit Choksey Group. With sales in its most recent fiscal year of about $17 million, Sunshield produces surfactants near Mumbai for agrochemical, textile, home care, and other applications. It also makes cross-linkers and antioxidants. Solvay says the purchase of Sunshield will help it achieve a goal of doubling sales in India by 2015. Its sales in the country were about $230 million last year.
The power is now in your (nitrile gloved) hands
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