Astral Poly Technik provides business update

Image
Capital Market
Last Updated : Aug 17 2016 | 10:49 AM IST

For its new CPVC plumbing brand

Astral Poly Technik announced that with reference to the launch of new CPVC plumbing brand 'Astral CPVC PRO' and the company's tie up with Sekisui Chemicals Co. for supply of CPVC raw materials, the Company has decided that it will discontinue raw material sourcing tie-up and processor/ license agreement with Lubrizol Advanced Materials Inc. with effect from 09 October 2016.

The said discontinuation shall not affect the business of the Company as it has already done backward integration and initiated compounding for Astral CPVC PRO for hold and cold plumbing solution at its Santej plant - Gujarat.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 17 2016 | 10:06 AM IST

Next Story