# Thermax and OCQ form joint venture for acrylic resins in India

Thermax Chemical Solutions and Brazil's OCQ have agreed to establish a new company in India, with Thermax holding 51% and OCQ 49%. The partnership will adapt Thermax's existing plant in Jhagadia, Gujarat, to manufacture acrylic resins.

- Type: Partnership
- Announced: 2024-06-19
- Where: Jhagadia, Gujarat, India, India
- Status: announced
- Products: acrylic resins, polyester resins, alkyd resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Thermax Chemical Solutions](https://endata.com/companies/78133.md) (partner)
- [Oswaldo Cruz Química Indústria e Comércio Ltda](https://endata.com/companies/78134.md) (partner)

## Sources

- [blinkx.in](https://blinkx.in/stocks/thermax-ltd/thermax-joins-hands-with-brazil-based-ocq-for-manufacturing-high-performance-chemicals-11-03-2025), 2024-06-19: "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."

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