More news
- Axalta releases Q1 2024 results
- PPG again earns EcoVadis gold rating for sustainability practices, ranking among top 7% of...
- Baikowski® France 2030 plan winner for its innovative project to decarbonise alumina prod...
- New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth
- Wacker stays below prior-year figures amid lower selling prices in Q1
Nuplex Industries announced that its European business, Nuplex Resins BV, has signed a memorandum of understanding (MOU) with KVIL Group (KVIL), a Russian paint and resins producer.
Initially, the 50:50 joint venture (JV) will be responsible for the exclusive sales and marketing of resins produced by KVIL and Nuplex and Nuplex will invest €3.5M mainly for working capital.
The MOU also provides for the JV to build a resins manufacturing site at Belgorod, Russia, within a period of two years, subject to market conditions at an estimated cost of around €20M.