Solvay, a world-leading producer of chemicals completed an equity investment to take a significant minority shareholding in Catàsynth Speciality Chemicals.
Catàsynth has been set up by Anthea Aromatics Private Limited, a leading manufacturer of speciality chemicals in India, to manufacture a range of downstream products from key starting intermediate, Methylenedioxybenzene (MDB), based on its patented manufacturing processes.
The Joint Venture leverages Anthea’s production capabilities and reinforces Solvay’s downstream integration into catechol derivatives.
Catàsynth Speciality Chemicals is situated in Mangalore SEZ, a designated chemical manufacturing cluster located in close proximity to Mangalore city, the Mangalore deep-water port and an international airport.