Ashland Inc enters into MOU with Ashland India Private Limited to manufacture resins and gel coats
Thu. September 25, 2008; Posted: 06:13 AM
Sep 25, 2008 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Industrial Info Resources (Sugar Land, Texas) announced on 24 September
that Natural Petrochemicals Private Limited (NPPL) (Mumbai), a part of
the Divine Group of companies, has signed a Memorandum of Understanding
(MOU) with Ashland India Private Limited (Mumbai), a subsidiary of
Ashland Inc (NYSE:ASH) (Covington, Kentucky), to manufacture polyester
resins and gel coats for Ashland in India.
According to Industrial Info Resources, the alliance will bring
together NPPL's local manufacturing capabilities and Ashland's global
outreach, sales and marketing capabilities, technological prowess and
quality-control expertise. The alliance will also support Ashland's
growth in the Indian market as well as enhance NPPL's existing local
presence.
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