# Kansai Nerolac Paints and Polygel Industries form joint venture

Kansai Nerolac Paints entered into a joint venture agreement with Polygel Industries to establish a company in India, to which Polygel's adhesives, construction chemicals and sealants business will be transferred.

- Type: Partnership
- Announced: 2019-05-07
- Where: India
- Status: announced
- Products: adhesives, construction chemicals, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kansai Nerolac Paints](https://endata.com/companies/32664.md) (partner)
- [Polygel Industries](https://endata.com/companies/39354.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/jv-agreement-between-kansai-nerolac-paints-polygel-industries-119050700638_1.html), 2019-05-07: "By virtue of the joint venture agreement, KNPL and Polygel will establish a joint venture in India, by incorporating a separate company, to which the adhesives, construction chemicals and sealants business of Polygel would be transferred under a separate Business Transfer Agreement."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.