Arkema partners with Jayant Agro in India
COLOMBES, France -- April 11, 2013
Arkema (Paris:AKE) and Jayant Agro have signed a joint venture agreement
whereby Arkema will acquire a stake of some 25% in Ihsedu Agrochem, a
subsidiary of Jayant Agro, specializing in the production of castor oil. This
joint venture aims to develop castor oil production in order to provide Arkema
with long-term secure and competitive access to this strategic raw material
for the manufacture of its biosourced polyamides.
Jayant Agro is a leading producer of castor oil and derivatives. Its
subsidiary Ihsedu Agrochem has been the pioneer of the castor oil industry in
India and has an experience of over 60 years in the processing of castor seeds
into oil. It has been one of Arkema’s main suppliers from the outset.
Arkema is one of the leading players in the castor oil sector with the
manufacture of its biosourced specialty polyamides 10 and 11. The world’s sole
producer of polyamide 11 for almost 60 years, in 2012 the Group acquired
Chinese companies Hipro Polymers and Casda Biomaterials - respectively
producers of polyamide 10 and sebacic acid from castor oil –, thereby
bolstering its world leading position in biosourced specialty polyamides.
This joint venture with Jayant Agro therefore falls in line with Arkema’s
strategy to secure the supply of a key raw material in order to support the
development of its bio-sourced specialty polyamides in fast growing
applications, such as innovative materials for lighter vehicles and oil & gas
The project should be finalized in the 3^rd quarter 2013.
A global chemical company and France’s leading chemicals producer, Arkema is
building the future of the chemical industry every day. Deploying a
responsible, innovation-based approach, we produce state-of-the-art specialty
chemicals that provide customers with practical solutions to such challenges
as climate change, access to drinking water, the future of energy, fossil fuel
preservation and the need for lighter materials. With operations in more than
40 countries, some 14,000 employees and 10 research centers, Arkema generates
annual revenue of €6.4 billion, and holds leadership positions in all its
markets with a portfolio of internationally recognized brands.
Jayant Agro-Organics Ltd. (JAOL) is a public listed company, traded on Bombay
Stock Exchange ltd (BSE) and the National Stock Exchange of India ltd (NSE).
Itis the leading the Castor Oil and Castor Oil based derivative manufacturer
in India with a turnover of over € 250 million. JAOL has the widest range of
Castor Oil basedchemicals and specialty chemicals in the world.Its Research
and Development Centre is focused on developing new products and applications
based on Castor Oil and its derivatives - delivering much more than molecules,
converting the molecules to products for markets and turning ideas into
Sophie Fouillat, +33 1 49 00 86 37
Jérome Raphanaud, +33 1 49 00 72 07
Sybille Chaix, +33 1 49 00 70 30
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