Gujarat-based ethylene oxide derivatives manufacturer Laffans Petrochemicals Ltd., said it had inked a formal agreement with Huntsman Corporation Singapore Pte. Ltd. for commercial manufacturing under the latter's technology transfer.
As per pact, both the parties will explore opportunities to develop markets in the Indian sub-continent and Asia Pacific and globally, by drawing on the synergy of the commercial and manufacturing alliance that include sharing of technical know-how, expertise and resources for specialty chemicals.
The $12 billion global manufacturer and marketer of differentiated chemicals will enter the Indian surfactant industry with locally made production that scheduled to commence from December 2009. This would be the first time that such products will be sold under the Huntsman brand name that are being manufactured in India
The initial production is scheduled to commence from next week and will be supervised by the Huntsman team.
This development emphasizes Laffans' ability to offer a world-class platform necessary for manufacturing, marketing and introducing Huntsman's high value added products for India and other overseas markets in Asia.
Managing Director of Laffans Sandeep Seth, said: "The arrangement is only a beginning of carefully laid out strategy to ensure Huntsman significant role in the coming months for the Indian subcontinent."
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