India’s Himadri Chemical to Process Coal Tar in Shanxi
Monday, October 6th, 2008SHANXI, Sep 26, 2008 (SinoCast via COMTEX) — Himadri Chemical & Industries Ltd., the largest coal tar processing group in India, inked a cooperation agreement recently to set up a joint venture in Xiaoyi, Shanxi Province in China.
The Indian company will invest CNY 100 million in an existing Chinese company. The deal is waiting for the examination of the commerce department of Shanxi. The venture is said to be able to process 30 million tons of coal tar per year. The deal is estimated to be completed within one month.