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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.
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