Chennai, Jan 15: Close on the heels of signing a joint venture agreement with the Chennai-based Raja Lubricants, Honeywell International, the $25-billion well diversified US industrial conglomerate, on Monday announced a marketing a tie-up with the Cetex Petrochemicals, the Rs 35-crore RPG subsidiary for selling top-end laboratory chemicals in India.The tie-up last month with the Chennai company was for the manufacturing and marketing of top-end specialty gels and jellies.
Announcing the agreement here with Cetex, Mr TC Looi, chief marketing manager, Honeywell International, said, by virtue of the agreement, the RPG subsidiary would now market the entire range of Burdick & Jackson range of laboratory chemicals in India.
"The agreement will pave the way for marketing of our top-end B&J solvents by Cetex in India," Mr Looi said adding the company is expecting a good business from the new tie up.
Mr Looi said the market for B&J solvents in India was estimated to be around $20 million and is expected to grow at an exponential rate in the coming years. B&J Solvents is a top-end laboratory chemical with applications in gas chromatography, bio-synthesis, high synthesis protein sequencing, environmental analysis etc, he added.
Mr Pothen Philip, chief executive of Cetex Petrochemicals, said the RPG firm has entered the new business as part of its growth plan which focusses on three core areas. The company so far has been focussing only on methyl-ethyl-ketone (MEK) and secondary butanol. The company has a market share of close to 50 per cent in this segment.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
