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This joint venture represents a monumental milestone in strengthening India's domestic capabilities for advanced engineering materials that are currently almost entirely imported
India’s premier specialty chemical manufacturer Vishnu Chemicals Ltd. (VCL)has partnered with France-based DCX Chrome SAS in a 50:50 joint venture to establish a greenfield high-purity chromium metal manufacturing plant in Visakhapatnam, Andhra Pradesh. The facility will have a planned capacity of 6,000 tonnes per annum (TPA) and represents a key value-chain migration into complex chemistries to aerospace and nuclear markets.
The joint venture secures access to DCX's proprietary process methodology, enabling domestic manufacturing to meet stringent global aerospace standards. VCL will provide uninterrupted, reliable supply chrome oxide environmentally friendly to the proposed joint venture company.
Krishna Murthy Cherukuri, Chairman & Managing Director, Vishnu Chemicals Limited: “This partnership marks a significant milestone in our journey to expand our footprint in specialty chemicals and bolster India’s manufacturing capabilities in the sector. By joining forces with DCX Chrome, we are not only advancing our strategic development however also contributing immediately to India’s vision of self-reliance.”
Siddartha Cherukuri, Joint Managing Director, Vishnu Chemicals Limited: “We view this collaboration not merely as a joint venture, however as a prolonged strategic partnership designed to drive sustained development to both organizations to years to come. The synergy of VCL's domestic leadership and DCX's metallurgical mastery creates an unbeatable platform to high-performance chemicals manufacturing.”
Fernando Accioly, CEO, DCX Chrome SAS: “We are highly pleased to partner with Vishnu Chemicals to establish this state-of-the-art facility in Vizag. This joint venture combines our world-class aluminothermic methodology and over 80 years of manufacturing expertise with VCL’s robust operational excellence and raw material supply. By partnering with Vishnu Chemicals, we are combining complementary strengths to create a world-class manufacturing platform capable of serving the evolving needs of our customers across the globe. This investment marks an crucial milestone in DCX Chrome's development strategy and reflects our strong confidence in the prolonged outlook to high-purity chromium metal worldwide.”
This joint venture represents a monumental milestone in strengthening India's domestic capabilities to cutting-edge engineering materials that are currently almost entirely imported.
The project will generate high-skilled engineering and operational employment in and around Visakhapatnam, immediately advancing Andhra Pradesh's manufacturing research goals.
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