Business
DCM Shriram, Teknor Apex Forge JV to Strengthen Positioning in Advanced Polymer Compounds
The partnership marks a strategic step towards building a globally competitive and technically advanced Plastics Polymer solutions platformPawtucket, Rhode Island--(Newsfile Corp. - April 16, 2026) - Teknor Apex B.V., a subsidiary of Teknor Apex Company today announced it has entered into a joint venture with Shriram Polytech Ltd., a subsidiary of DCM Shriram Ltd. - one of India’s leading industrial companies engaged in PVC compounds. The joint venture will operate under the brand name...
About this update from Dcm Shriram Limited
[{"type":"text","content":"The partnership marks a strategic step towards building a globally competitive and technically advanced Plastics Polymer solutions platform","length":139,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Pawtucket, Rhode Island--(Newsfile Corp. - April 16, 2026) - Teknor Apex B.V., a subsidiary of Teknor Apex Company today announced it has entered into a joint venture with Shriram Polytech Ltd., a subsidiary of DCM Shriram Ltd. - one of India’s leading industrial companies engaged in PVC compounds. The joint venture will operate under the brand name PolyTek.","length":360,"tagName":"p"},{"type":"text","content":"This partnership represents a significant milestone in Teknor Apex's strategy to strengthen and grow its Polymer compounds portfolio and develop its global partnerships in high-growth sectors. By combining Shriram Polytech's strong domestic presence and manufacturing capability in vinyl compounds with Teknor Apex's global formulation capabilities, the joint venture aims to deliver high-performance and technically advanced, specialty polymer solutions for diverse industrial applications.","length":503,"tagName":"p"},{"type":"text","content":"India's emergence as one of the world's fastest-growing manufacturing and consumption hubs presents a compelling opportunity for innovation-led growth in advanced polymer compounds. Through PolyTek, the partnership will leverage India's strategic position to enhance supply chain resilience, improve access to cutting-edge material technologies, and elevate product performance standards across industries.","length":418,"tagName":"p"},{"type":"text","content":"Donald Wiseman, Chief Executive Officer of Teknor Apex, said: "Our collaboration combines Shriram Polytech's presence in vinyl materials with Teknor Apex's formulating expertise to deliver high-performance solutions for one of Asia's largest industrial ecosystems. By combining our strengths, we gain immediate access to a well-established local platform, deep market insight, and a strong manufacturing foundation."","length":438,"tagName":"p"},{"type":"text","content":"Ajay S Shriram, Chairman & Sr Managing Director, DCM Shriram Ltd., added: "This partnership reflects our strategic intent to build future-ready businesses by combining globa...