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Bhansali Engg Polymers Ltd Announces Joint Venture Agreement With Nippon A&L Inc

Sunday, 21 Apr 2013 10:59pm EDT 

Bhansali Engg Polymers Ltd announced that the Board of Directors of the Company at meeting held on April 20, 2013, have considered and approved the draft Joint Venture Agreement proposed to be executed between the Company and Nippon A&L Inc, Japan. Nippon A&L Inc, Japan is a Joint Venture Company between Sumitomo Chemicals Co. Ltd. and Mitsui Chemicals, Inc. Nippon A&L Inc is a specialized Company focusing on polymerization of styrenics and enjoys high reputation in the field of manufacturing and marketing of ABS, AES, ASA resins and SBR/PBR Latices. Pursuant to the terms of aforesaid draft Joint Venture Agreement, a new Private Limited Company will be incorporated between the Company (Bhansali Engineering Polymers Limited) and Nippon A&L Inc to undertake comprehensive technology and application development work of numerous specialized grades of ABS, AES, ASA resins and their respective alloys with other polymers to cater to the growing requirement from automotive, telecommunication, electrical and electronics and other sectors. 

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