September 24, 2008

Ashland Joins With India’s Natural Petrochemicals to Manufacture Resins and Gel Coats, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural Petrochemicals Private Limited (NPPL) (Mumbai), a part of the Divine Group of companies, recently entered into a memorandum of understanding with Ashland India Private Limited (Mumbai), a subsidiary of Ashland Incorporated (NYSE:ASH) (Covington, Kentucky), to manufacture polyester resins and gel coats for Ashland in India. The mutually beneficial alliance will bring together NPPL's local manufacturing capabilities and Ashland's global outreach, sales and marketing capabilities, technological prowess and quality-control expertise. While this will support Ashland's growth in the Indian market, it is also expected to enhance NPPL's existing local presence.

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SOURCE: Industrial Info Resources