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Balmer to foray into Rs 1,800-cr construction chemical biz

Saturday 24th Sep 2011 1353

Kolkata : Diversified PSU Balmer Lawrie & Co today said it will make a foray into the Rs 1,800 crore construction chemical business and plans to use Chinese technology for this purpose.

"We have decided to get into construction chemicals as diversification of chemical business. This is done with Chinese technology," Balmer Lawrie Chairman and Managing Director SK Mukherjee said here today after the company's annual general meeting.

"We are also planning to form a marketing joint venture with the Chinese as a technology partner in a year's time," he added.

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