# Litokol and Pidilite Industries form joint venture in India

Litokol has signed a joint venture agreement with Pidilite Industries to produce epoxy, polyurethane and other bicomponent reactive compounds for the ceramics and construction industry in India. The initial investment is around EUR 4 million.

- Type: Partnership
- Announced: 2019-09-18
- Where: Mumbai, India
- Value: $4.40M (4.00M EUR)
- Status: announced
- Products: epoxy compounds, polyurethane compounds, bicomponent reactive compounds
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Litokol](https://endata.com/companies/41327.md)
- [Pidilite Industries](https://endata.com/companies/19780.md) (partner)

## Sources

- [en.imsilkroad.com](https://en.imsilkroad.com/p/308435.html), 2019-09-19: "The opportunity that Pidilite Industries has offered us for the setting up of a joint venture in India represents another fundamental step for the development of Litokol in the main world markets."

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