French PVC maker Kem One and India's Chemplast Sanmar have signed an agreement to establish a 50-50 joint venture to produce chlorinated PVC in India.
The JV, Kem OneChemplast, which is currently in the process of obtaining necessary approvals, will be built in the east coast port of Karaikal, Puducherry.
The project is estimated to cost 3.25 billion Indian crores rupees ($48 million) and use Kem One technology to produce 22,000 metric tons per year of CPVC resins. It will also manufacture CPVC compounds.
Based in Saint-Fons, France, Kem One is the second largest producer of PVC in Europe and has 1,300 employees in eight industrial sites.
The company said in a Feb. 28 statement that the JV is part of its strategy to increase its footprint in the growing Indian market.
Chemplast Sanmar, is the flagship company of the Sanmar Group and is a manufacturer of PVC resins, caustic soda and chloromethanes in India.