Scott Bader Group and Satyen Polymers Announce Indian Joint Venture
Scott Bader and Satyen Polymers Limited have successfully negotiated an agreement to to form a joint venture in India.
the first part will be to share technology and processes for the manufacture of unsaturated polyester resin (USP) gelcoats that will be manufactured at Satyen Polymers plant 175 kms north of Mumbai. A number of gelcoats have been identified as having potential to satisfy the needs of customers for development within the Indian Composites industry.
Scott Bader has had a presence in India for many years and the brand continues to attract enquiries from customers seeking value from suppliers. This is a significant step towards reaffirming its commitment to provide enhanced support to existing customers and also indicates confidence that the local industry will continue to develop and mature in line with global trends.
Jitendra Vora, Chairman and Managing Director of Satyen Polymers said:
We are excited about our partnership with the Scott Bader Group. Our complete range of Gelcoats will cater to requirements in the fast developing Indian composite market, which has seen significant domestic and export related growth. As the Indian composite market matures, the performance demands of raw materials and end products are bound to increase. We are now well placed to meet these requirements
The joint venture will operate under the name Satyen Scott Bader Pvt Limited. The agreements will be implemented with immediate effect with UAE-based Scott Bader Middle East overseeing the transfer of technology and providing initial training. Production of the first batches of performance gelcoats is expected to be available by end July.