| Punjab Chem buys 30% stake in US firm |
| Rajesh S Kurup / Mumbai October 10, 2007 |
| Agrochemicals firm Punjab Chemicals and Crop Protection (PCCPL) has acquired a 30% stake in US-based Source Dynamic LLC for an undisclosed sum. PCCPL also has an option to acquire the remaining 70% stake in the US firm. It is also planning to invest $25 million to expand the US operations. PCCPL is a leading manufacturer of basic industrial chemicals, and is also into production of active ingredients for crop protection like insecticides, herbicides and fungicides. This is the company |
