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

Grupo OCQ, a Brazilian chemical group, formed a joint venture with Thermax Chemical Solutions Private Ltd. to produce and market acrylic resins in India. Thermax will adapt facilities at its Jhagadia site for the first production line, with capacity of 1,000-2,000 tonnes per month.

- Type: Partnership
- Announced: 2025-05-19
- Where: Jhagadia, Gujarat, India
- Status: announced
- Capacity: 1,000-2,000 t/month
- Products: acrylic resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Grupo OCQ](https://endata.com/companies/70606.md) (partner)
- [Thermax Chemical Solutions](https://endata.com/companies/78133.md) (partner)

## Sources

- [quimica.com.br](https://www.quimica.com.br/resinas-joint-venture-abre-mercado-asiatico-para-grupo-ocq/), 2025-05-19: "O mercado indiano é parecido com o do Brasil, levaremos nossa tecnologia que é bem adaptada às necessidades deles para desenvolver produtos inovadores para tintas e adesivos."

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