Honeywell in alliance with Raj Lubricants

By Our Corporate Reporter

CHENNAI, DEC. 13. Honeywell International, a $24 billion diversified technology and manufacturing leader providing materials, products and solutions worldwide, and the Chennai- based Raj Lubricants, a member of the Raj group, have announced their intention to form an alliance in manufacturing and marketing in the domestic and overseas markets.

Mr. Bipin Nanavati, Managing Director, Raj Lubricants and Mr. Fred Pereira, Business Director, Specialty Wax and Additives business, Asia Pacific, signed the memorandum of understanding (MoU) here today in this regard.

Addressing presspersons, Mr. Nanavati said as part of the MoU both companies would offer their manufacturing expertise. Both companies were evaluating opportunities to manufacture gels and jellies that have applications in several growth industries.

The objective of the MoU is to develop a strong, competitive manufacturing cum marketing base for India and Asia Pacific region, to combine international capabilities of Honeywell and local strengths of Raj group for maximum synergy and to lead cooperation to wider areas of growth, he added.

The Rs. 100 crore Raj group has seven manufacturing units - five in Chennai, one in Mumbai and one in Ankleshwar.

Specialty Wax and Additives is a strategic business enterprise within the Performance Polymers and Chemicals group in Honeywell.

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