Autotech Polymers India Pvt. Ltd., a leading supplier of specialty Polypropylene Compounds and Sirmax S.p.A. of Italy, have joined hands to establish a joint venture in India.

Under the initiative of Hon. Prime Minister Sh. Narendra Modi to “Make In India”, this joint venture, which will be called “Autotech Sirmax India Pvt. Ltd.” will be one of the few Indian companies with capabilities to supply speciality polymers, resins & thermoplastics compounds using the latest state-of-the-art manufacturing & know-how to provide indigenous solutions for the rapidly growing industry segments such as Automotives, Electronics, Appliances, Electricals, etc.

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Under the initiative of Hon. Prime Minister Sh. Narendra Modi to “Make In India”, this joint venture, which will be called “Autotech Sirmax India Pvt. Ltd.” will be one of the few Indian companies with capabilities to supply speciality polymers, resins & thermoplastics compounds using the latest state-of-the-art manufacturing & know-how to provide indigenous solutions for the rapidly growing industry segments such as Automotives, Electronics, Appliances, Electricals, etc.

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According to the terms of the JV agreement, Sirmax becomes 50% partner in Autotech-Sirmax. The remaining 50% will be held by the Nirmal Thakkar family who are promoters of the 72 years old Tipco Group. The management team of the joint venture will focus on production of Specialty Polypropylene and Engineering Thermoplastic compounds which will be augmented by the license and use of Sirmax technology, brands and global approvals that will cater to India’s growing demand for high quality, superior performance thermoplastics compounds.