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MoU signed by Hylomar, Jayantilal For Joint Venture

Published on 2004-01-27. Author : SpecialChem

A memorandum of understanding (MoU) was signed by Hylomar Ltd, the UK-based automotive adhesive maker, and Jayantilal J Gandhi Chemicals Pvt Ltd, the domestic manufacturer, for the formation of a joint venture (JV), Hylomar India Private Ltd, at Auto Expo 2004 India.

According to Bill Griffiths, director of Hylomar's sales and marketing department, the reason for their presence at the Auto Expo India, 2004, is to increase awareness of their specialist sealants and adhesive product offering to the India automotive and other industries as well as seeking new distributors for their new JV company.

It is reported that Hylomar India Private Ltd will have headquarters in Mumbai with manufacturing facilities in Tarapur, Maharashtra.

According to a release, Hylomar India will manufacture and distribute adhesives and specialist sealants to India’s automotive, aerospace, railways and industrial markets.

It is reported that the Hylomar team is a part of British Auto delegation participating in the Auto Expo. The British delegation consists of 19 companies interested in doing business with India.

The companies will be available from January 15 to 20, at the UK Trade and Investment stand at Pragati Maidan.

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