To invest in new businesses
Chembond Chemicals announced that it has signed an agreement with Henkel Adhesives Technologies India, a subsidiary of Henkel AG & Co., KGoA, headquartered in Dusseldorf, Germany, to divest 49% shareholding in Henkel Chembond Surface Technologies.The divestment was based on a number of factors, including a strategy to invest in and grow the Company's water treatment, construction chemicals, industrial and high performance coatings, animal nutrition and industrial enzymes business. The Company has recently initiated new businesses like bio-based polyamides and the recently signed JV with Calvatis GmBH for industrial cleaning and hygiene system for the food, beverage and dairy industries.
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