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Astral Poly Technik provides business update

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Capital Market

For its new CPVC plumbing brand

Astral Poly Technik announced that with reference to the launch of new CPVC plumbing brand 'Astral CPVC PRO' and the company's tie up with Sekisui Chemicals Co. for supply of CPVC raw materials, the Company has decided that it will discontinue raw material sourcing tie-up and processor/ license agreement with Lubrizol Advanced Materials Inc. with effect from 09 October 2016.

The said discontinuation shall not affect the business of the Company as it has already done backward integration and initiated compounding for Astral CPVC PRO for hold and cold plumbing solution at its Santej plant - Gujarat.

 

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First Published: Aug 17 2016 | 10:06 AM IST

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