Home / Business and Economy / DCM Shriram Seals $5.6M Deal for Global Polymer Partnership
DCM Shriram Seals $5.6M Deal for Global Polymer Partnership
16 Apr
Summary
- DCM Shriram to sell 50% stake in Shriram Polytech for $5.6 million.
- Teknor Apex B.V., a US-based company subsidiary, is the buyer.
- This partnership aims to enhance advanced materials and global reach.
DCM Shriram and its subsidiary Shriram Polytech (SPL) have agreed to transfer a 50% equity stake in SPL to Teknor Apex B.V. for a cash consideration of $5.6 million. As of March 31, 2025, SPL reported a turnover of Rs 201.63 crore and a net worth of Rs 78.36 crore.
Teknor Apex B.V., a subsidiary of the US-based Teknor Apex Company, operates from the Netherlands and Belgium, focusing on thermoplastic elastomers. This transaction will transform SPL from a wholly owned subsidiary into a joint venture for DCM Shriram.
DCM Shriram views this partnership as a key step in growing its advanced materials polymer compounds business and expanding global collaborations. The joint venture intends to leverage Shriram Polytech's domestic presence and vinyl compound expertise with Teknor Apex's global formulation capabilities.
This collaboration aims to deliver advanced, sustainable polymer solutions for various industrial applications. DCM Shriram is a diversified entity with interests in agri value chain, chemicals, vinyl, and building materials.
