Laffans Petro inks manufacturing JV with Huntsman’s Singapore arm

03-Dec-09
In a bid to explore opportunities to develop markets in the Indian sub-continent, Asia Pacific and globally, ethylene oxide derivatives manufacturer Laffans Petrochemicals Ltd. has signed a formal agreement with Huntsman Corporation Singapore Pte. Ltd. for commercial manufacturing. The manufacturing in India will be done under the Huntsman's technology transfer. Huntsman will enter the Indian surfactant industry with locally made production scheduled to commence shortly. The initial production is scheduled to commence from next week and will be supervised by the Huntsman team. As per the agreement, both the parties will explore opportunities to develop markets in the Indian sub-continent, Asia Pacific and globally by drawing on the synergy of the commercial and manufacturing alliance that include sharing of technical know-how, expertise and resources for specialty chemicals. This development emphasizes Laffans' ability to offer a world-class platform necessary for manufacturing, marketing and introducing Huntsman's high value added products for India and other overseas markets in Asia.
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