Solvay looks to accelerate Asia growth with India acquisition
Sunshield Chemicals is an Indian company specializing in surfactants and the acquisition will enable Solvay's Novecare business to accelerate growth plans in India for the home and personal care, coatings and industrial applications markets.
"This bolt-on acquisition will enable us to speed up our pace of growth in the Indian surfactants market that is currently enjoying double-digit annual growth,” explains Emmanuel Butstraen, president of Novecare.
“With Sunshield Chemicals, we are expanding our existing industrial base in this country and reinforcing our commercial presence in strong growth market segments. Our aim is to further consolidate our leading positions in specialty surfactants in Asia and to support our customers' development in this part of the world."
