Zavenir Daubert India Pvt. and Chemische Werke Kluthe GmbH formed a joint venture to strengthen their reach in markets for specialty chemicals such as metalworking fluids, and plan to build a plant and research and development center in western India by 2020.
The firms launched the 50-50 partnership, named Zavenir Kluthe, on July 19. In a joint press release, the Gurgaon, Haryana-based Zavenir and the German firm Kluthe, which have been cooperating in various ways since 2011, said that the tie-up will cater to automotive, heavy engineering and plastics industries.
Zavenir brings to the venture its domestic infrastructure in marketing and sales of specialty chemical products, the statement read. The new entity will aim to increase the manufacturing, marketing and sales of all Kluthes products and technologies in the fields of metalworking fluids, surface treatment and paint management. Kluthe makes general cooling lubricants, water-soluble cutting oils, emulsifiable cooling oils, non-water- and water-miscible machining liquids such as volatile punching oils and drawing oils, and more under its Hakufluid and Hakuform brands.
Zavenir has in the past built up aleadership position in the Indian corrosion-prevention markets, said Zavenir Managing Director Saket Bhartia. Zavenir Kluthe aspires to become a top-3 player in the 20 billion rupees [U.S. $312 million] metalworking fluids market by 2020.
Nobody better than Zavenir could cater to our needs of expansion in the Indian market, said Martin Kluthe, Kluthe Groups managing director. As an extension of the partnership, we are planning on setting up a technology center and … plant in western India to cater to ever-growing Indian markets by 2020.