Accelerated Development in India
Solvay S.A., Brussels, Belgium, has closed the acquisition of a controlling interest in Sunshield Chemicals Limited, Mumbai, India, a surfactants producer, in accordance with the applicable regulatory requirements. This acquisition enables Solvay’s Novecare business to accelerate its development in India for the home and personal care, agrochemicals, coatings and industrial markets.
Sunshield Chemicals Limited generated net sales of INR 943 millions ( EUR 13.5 millions) in its most recent financial year which ended March 31, 2012. They produce and export surfactants, cross-linkers and antioxidants.
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