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Thermax and OCQ form joint venture for high-performance chemicals · Endata

◂ Announcements

Aug 12, 2025PARTNERSHIPJhagadia, Gujarat, India, India

Thermax and OCQ form joint venture for high-performance chemicals

Thermax Chemical Solutions has entered an exclusive shareholder's agreement with OCQ to form a new company, with Thermax holding a 51% stake and OCQ 49%. The new entity will manufacture acrylic resins at Thermax's plant in Jhagadia, Gujarat, with plans to expand to polyester and alkyd resins.

Status

Announced

Productsacrylic resinspolyester resinsalkyd resins

CompaniesThermax Oswaldo Cruz Química Indústria e Comércio Ltda partner

Sectors#Specialty Chemicals

“OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.”nbmcw.com

1 source
nbmcw.comThermax Partners with Brazil-based OCQ for High-Performance ChemicalsMaria R.Aug 12, 2025

Summarized from public sources; check the original articles before acting on it.

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