Remmers to invest ₹300 crore in Teknovace for 50.01% stake

Remmers Gruppe SE plans to make a ₹300 crore strategic equity investment in Teknovace to acquire a 50.01% stake in two tranches. The funds will be used to expand wood coatings production capacity from 6,000 to 60,000 tonnes per annum and set up an integrated UV coatings facility in India.

“The partnership aims to tap into India’s USD 1.3 billion domestic wood coatings market while positioning India as a global export base for advanced coatings.”nationalheraldnews.com

• 1 source
• nationalheraldnews.comTeknovace partners with German Speciality Chemicals Leader Remmers in ₹300 Crore Strategic Investment to Build Global Wood Coatings Manufacturing Hub in India – NATIONALHERALDNEWS.COMJan 9, 2026

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