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Corporate News 15-May-17

AkzoNoble and Atul form joint venture 'ANAVEN'

To manufacture monochloroacetic acid in India

AkzoNoble and Atul have formally agreed the joint venture partnership announced last year for the production of monochloroacetic acid (MCA) in India.

The companies will establish a new plant at Atul's facility in Gujarat by first quarter of 2019, which each partner holding a 50% stake in the joint venture, to be registered as 'ANAVEN'.

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