TENAX S.P.A. FINALIZES A STRATEGIC AGREEMENT WITH THE INDIAN GIANT PIDILITE INDUSTRIES
TENAX S.P.A. FINALIZES A STRATEGIC AGREEMENT WITH THE INDIAN GIANT PIDILITE INDUSTRIES
The company based in the province of Verona consolidates its long-standing presence in India in the industry sector and boosts the development of the retail sector.
3 March 2020 - Tenax S.p.A. officially announces a double financial deal that redefines the company's presence in India. On the one hand, the partnership between the long-standing subsidiary Tenax India and Pidilite Industries Limited, the Indian giant with a turnover of 1 billion euros, aimed at boosting the large-scale retail sector. On the other hand, the birth of another company, Tenax India Industrial Chemical Pvt Ltd, which will continue the consolidated relationship with long-time customers in the Industry sector and will enhance development in India and in SAARC markets.
The partnership with Pidilite Industries Limited, an Indian company specialized in producing and distributing adhesives and chemical products for the building industry, which is widely present with more than 5,000 retail outlets in India alone, will allow the Tenax Group to exponentially increase its business in the large-scale retail sector.
With the inauguration of another company in India, Tenax India Industrial Chemical Pvt Ltd, the company, based in the province of Verona, achieves a further goal, confirming its leading role in the industry sector. This new company, entirely owned by Tenax S.p.A., increases its proximity to its current customers in the industry sector, specialized in processing and treating stone materials, quartz and ceramics, thus leading to future expansion in new markets.
