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AkzoNoble and Atul form joint venture 'ANAVEN'

Capital Market 

To manufacture monochloroacetic acid in India

AkzoNoble and have formally agreed the joint venture partnership announced last year for the production of monochloroacetic acid (MCA) in

The companies will establish a new plant at Atul's facility in Gujarat by first quarter of 2019, which each partner holding a 50% stake in the joint venture, to be registered as 'ANAVEN'.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 19:32 IST