# Thermax and OCQ form joint venture for specialty chemicals in India

Thermax Chemical Solutions and Brazil's OCQ have signed an agreement to form a joint venture in India, with Thermax holding 51% and OCQ 49%. The JV will initially manufacture acrylic resins at Thermax's existing plant in Jhagadia, Gujarat.

- Type: Partnership
- Announced: 2025-03-10
- Where: Jhagadia, Gujarat, India
- Status: announced
- Products: acrylic resins, polyester resins, alkyd resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Thermax](https://endata.com/companies/1348.md) (partner)
- [Oswaldo Cruz Química Indústria e Comércio Ltda](https://endata.com/companies/78134.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/thermax-forms-joint-venture-with-brazils-ocq-to-manufacture-specialty-chemicals-in-india/article69313857.ece), 2025-03-10: "The joint venture will initially focus on manufacturing acrylic resins at Thermax's existing plant in Jhagadia, Gujarat."

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