AMSTERDAM - AkzoNobel and Atul have announced their intention to jointly invest in the production of monochloroacetic acid (MCA) in India, which will include setting up an MCA plant at Atul's facility in Gujarat. Each partner will hold a 50% stake.
The partnership will build on Atul's status as a leading global supplier of the herbicide 2,4-D, which uses MCA as a key raw material, and AkzoNobel's leading position in the MCA market, with plants in the Netherlands, China, Japan and the United States. The investment is subject to regulatory approvals and signing of final agreements.