DCM Shriram Limited has informed the Exchange regarding a press release dated April 16, 2026, titled "DCM Shriram, Teknor Apex forge JV to Strengthen Positioning in Advanced Polymer compounds ".
DCMSHRIRAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Shriram's subsidiary, Shriram Polytech Ltd., has entered into a joint venture with Teknor Apex B.V. (a subsidiary of US-based Teknor Apex Company, a global leader in plastic material science founded in 1924). The JV will operate under the brand name PolyTek and focus on advanced and specialty polymer compounds. The partnership combines Shriram Polytech's strong domestic manufacturing presence in vinyl compounds with Teknor Apex's global formulation capabilities. The venture aims to serve diverse industrial applications and leverage India's position as a growing manufacturing hub. This is positioned as a significant strategic step to build a globally competitive plastics polymer solutions platform.
The joint venture signals DCM Shriram's intent to expand its polymer business by partnering with a globally recognized player, which could strengthen its product portfolio, supply chain, and market reach in high-growth polymer compound segments.