Thermax and OCQ form joint venture for high-performance chemicals in India

Thermax Chemical Solutions entered an exclusive shareholders' agreement with Brazil's OCQ to form a new company, with Thermax holding 51% and OCQ 49%. The venture will manufacture acrylic resins at Thermax's Jhagadia plant in Gujarat, India.

“Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share.”nbmcw.com

• 1 source
• nbmcw.comThermax Partners with Brazil-Based OCQ for High-Performance ChemicalsZainab FaridiJul 10, 2025

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