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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.
Pidilite Industries formed two joint ventures: one with Italy-based epoxy grout maker Litokol to invest in a new manufacturing facility in India, and another with Spanish mortar company Grupo Puma to invest in a modern manufacturing facility in India.