Phase one of the joint venture between UK headquartered resin and gel-coat manufacturer Scott Bader will be to implement the sharing of technology and processes for manufacture of gel-coats at Satyen Polymer’s plant in Silvassa, which is located 175 km north of Mumbai.
|Scott Bader is a leader in gel-coat technology and we are confident that our association with Satyen Polymers will add value to our customers.|
|Scott Bader Group Managing Director, Scott Bader|
The companies say they have identified a number of high-performance gel-coats with potential in the Indian composites industry.
The joint venture will operate under the name Satyen Scott Bader Pvt Ltd. UAE-based Scott Bader Middle East will oversee the transfer of technology and providing initial training to Satyen.
The growing Indian composites market
“We are excited about our partnership with the Scott Bader Group," says Jitendra Vora, Chairman and Managing Director of Satyen Polymers, a manufacturer of unsaturated polyester resins, synthetic adhesives and coatings.
"Our complete range of gel-coats will cater to requirements in the fast developing Indian composite market, which has seen significant domestic and export related growth. As the Indian composite market matures, the performance demands of raw materials and end products are bound to increase. We are now well placed to meet these requirements.”
This joint venture is part of Scott Bader's strategic plan to develop its gel-coat business in regions of the world where it does not have its own manufacturing facilities.