Business Update14 Nov 2024, 12:53 am
Deepak Nitrite Subsidiary to Acquire Polycarbonate Resins Technology License and Manufacturing Assets from Trinseo
AI Summary
Deepak Nitrite Limited's wholly owned subsidiary, Deepak Chem Tech Limited (DCTL), has approved a project to manufacture Polycarbonate Resins (PC) with an investment of around ¥ 5,000 Crores. DCTL has entered into agreements with Trinseo Deutschland Anlagengesellschaft mbH and Trinseo Europe GmbH for the acquisition of PC manufacturing assets and technology license. The agreement includes Trinseo's PC manufacturing assets with a capacity of 165,000 Metric Tonnes, which will be relocated to India and set up at Dahej. The project is expected to be commissioned by the fourth quarter of FY 2028.
Key Highlights
- Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has approved a project for manufacturing Polycarbonate Resins (PC) with an investment of around ¥ 5,000 Crores.
- DCTL has entered into agreements with Trinseo Deutschland Anlagengesellschaft mbH and Trinseo Europe GmbH for the acquisition of PC manufacturing assets and technology license.
- The agreement includes Trinseo's PC manufacturing assets with a capacity of 165,000 Metric Tonnes, which will be relocated to India and set up at Dahej.
- The project is expected to be commissioned by the fourth quarter of FY 2028.
- The agreement also provides access to Trinseo’s globally recognized CALIBRE™ resins and trademark.