Caldic B.V. signs agreement with Veeral Additives Private Limited for polymer additives in Europe
Rotterdam, 29 April 2020 - Caldic B.V. is pleased to announce their strategic partnership agreement with Veeral Additives Private Limited, a leading manufacturer of polymer additives for the plastics industry.With this new partnership, Caldic expands and strengthens its portfolio of polymer additives in Germany, UK, France, Spain, The Netherlands, Belgium, Portugal, Austria, Sweden, Switzerland, Denmark, Finland, Ireland, Norway and Luxembourg.
Veeral Additives have commenced production at their new state-of-the-art and fully backward integrated production facility located in Mahad (185 km south of Mumbai), India. The plant has three dedicated lines, designed to produce 40,000 MT per annum of Primary Phenolic Anti-Oxidants 1010 (Veenox™ 1010) and 1076 (Veenox™ 1076) as well as Secondary Phosphite Anti-Oxidant 168 (Veenox™ 168), of which in its first phase, Veeral Additives has commissioned production of 24,000 MT per annum of the three antioxidants, i.e. 8,000 MT per annum of each.
The product portfolio and philosophy of Veeral Additives fits perfectly with the ambition of Caldic to further develop and strengthen their presence within the plastics industry.
Tom De Bondt, European Product Manager Polymer Additives at Caldic comments: “We believe that our customers will strongly benefit from our partnership with Veeral Additives. It opens new doors and we will be able to provide our customers with tailor-made solutions adding value to their business. Caldic is looking forward to representing the Veeral Additives range of Phenolic anti-Oxidants and Phosphites."