Eliokem takes Indian unit global

ERJ staff report (DS)

Villejust, France -- Within a year of merging with Eliokem, the former Apar Industries unit at Valia (Gujarat, India) site has become global in its scope of products and services offered to the rubber industry. The company is now poised to further expand its polymer production in India.

The acquisition of the Polymer Division of Apar Industries Ltd., India in February 2008, including the Valia rubber plant, enlarged Eliokem revenue to € 200 million.

As Eliokem India Pvt. Ltd., the Valia operations have strengthened to become the leading supplier for Nitrile Rubbers and HSR High-Styrene-Butadiene-Rubber Masterbatches in the domestic market. Despite the global recession, the list of international customers continues to grow especially from the other emerging economies in Asia and those in the Middle East and Africa.

The enlarged sales and distribution network of Eliokem in India has significantly helped to develop sales of other polymers and chemicals manufactured by the group in France, China and the USA, in an economy that is still growing despite international recession.

“Eliokem maintains its commitment to the future. The Technology Center of Valia is becoming a Center of Excellence for the development of new polymers to respond to the customers increasing demand and to comply with more stringent environmental conditions.” stated Olivier Faussadier, Director of International Development and Ventures at Eliokem.