Total: JV in bitumens with Indian Oil
(CercleFinance.com) - Total has announced the creation of a 50/50 joint venture with Indian Oil Corporation to manufacture and market high-quality specialty bitumens and other derivatives for the road construction industry in India.
This joint venture will combine their R&D and marketing strengths to manufacture and market polymer modified bitumen (PMB) and rubber powder modified bitumen, bitumen emulsions and other specialty products.
The Total-Indian Oil joint venture will establish manufacturing facilities across the country with cost-effective logistics solutions. It will also explore development opportunities in other markets in South Asia.
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This joint venture will combine their R&D and marketing strengths to manufacture and market polymer modified bitumen (PMB) and rubber powder modified bitumen, bitumen emulsions and other specialty products.
The Total-Indian Oil joint venture will establish manufacturing facilities across the country with cost-effective logistics solutions. It will also explore development opportunities in other markets in South Asia.
Copyright (c) 2020 CercleFinance.com. All rights reserved.