Solvay acquires Sunshield Chemicals in India

Solvay acquires Sunshield Chemicals in India

4:31 AM, 28th December 2012
Solvay acquires Sunshield Chemicals in India
Emmanuel Butstraen, President, Novecare.

BRUSSELS, BELGIUM: Solvay is closing the acquisition of a controlling interest in Sunshield Chemicals Limited, an Indian surfactants producer, in accordance with the applicable regulatory requirements. This acquisition enables Solvay’s Novecare business to accelerate its development in India for the home and personal care, agrochemicals, coatings and industrial markets.

“We are now better geared to increase our market position in the Indian market that is currently enjoying double-digit annual growth. This additional bolt-on acquisition further consolidates our leading positions in specialty surfactants in Asia and we are well-equipped to support our customers’ development in this part of the world,” explained Emmanuel Butstraen, President, Novecare.

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