Voltas, Dow Chemical Pacific To Establish JV In India
Post date: Mar 1, 2014 9:01:00 AM
Voltas Ltd. has executed a joint venture agreement with Dow Chemical Pacific (Singapore) Pte. Ltd. for establishing a joint venture company, to tap the growing water and waste water treatment market in the country.
The proposed new company - 'Voltas Water Solutions Pvt. Ltd.' will have equal capital contribution from Voltas and DOW.
The company will market and distribute standard packaged water treatment systems and waste water treatment systems of capacity up to 20m3/hour, to residential and commercial complexes and light industrial markets in the Indian subcontinent.
The entity's operations would include designing, procuring, testing, marketing, selling and servicing of such standard water treatment systems and waste water treatment systems.
The water and waste water treatment marker targeted by the new company is largely catered to today, by unorganized players. The new joint venture will provide a branded and differentiated product line, with a focus on quality and service delivery.
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