New Delhi, Apr 16 (UNI) Gujarat Alkalies&Chemicals Ltd (GACL) today said it has signed an agreement with Dow Europe GmbH, to set up a Joint Venture Company for manufacture of 2,00,000 TPA of Chlorinated Organics at Dahej at an estimated project cost of Rs 600 crore.
GACL will supply about 600 MT chlorine per day to the JV Company, said a statement.
The shareholding of GACL and DOW in the JV Company will be 50 per cent each. ''The synergy of GACL and Dow's strengths will lay a strong foundation for mutual future growth,'' the statememt said.
Dow Europe GmbH is a wholly-owned subsidiary of the Dow Chemical Company.
Dow Group is a global leader in chemical industry and largest supplier of chlorinated organic products.
Dow currently produces Chloromethances at four site around the world with a total capacity of 5,00,000 MTA.
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