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Autotech Polymers India Pvt. Ltd. and Sirmax S.p.A. of Italy have formed a joint venture called Autotech Sirmax India Pvt. Ltd. Sirmax becomes a 50% partner, with the remaining 50% held by the Nirmal Thakkar family of Tipco Group. The JV will produce specialty polypropylene and engineering thermoplastic compounds in India.
Autotech Polymers India and Sirmax S.p.A. have formed a 50-50 joint venture called Autotech Sirmax India Pvt. Ltd. to produce specialty polypropylene and engineering thermoplastic compounds in India.
Sirmax SpA and Autotech Polymers India signed an agreement on 18 July 2017 to form a 50:50 joint venture to produce thermoplastic materials in India.