You are using an older browser version. Please use a supported version for the best MSN experience.

RIL partners with Germany’s Resysta for natural fiber polymer

LiveMint logoLiveMint 26-04-2017 Kalpana Pathak

Mumbai: Reliance Industries Ltd (RIL) has entered into a licence agreement with Germany’s Resysta International GmbH which will provide RIL with exclusive rights to produce and market RelWood, a natural fiber polymer composite, in India.

This compound will be the raw material in the production of sheets and various profiles used in a wide range of wood and plywood replacement applications.

“Through this strategic partnership with Resysta, RIL is looking forward to producing the RelWood compound exclusively in order to meet the fast-growing demand of real alternative to tropical wood,” said Vipul Shah, COO, petchem, RIL, in a statement.

ALSO READ: RIL Q4 earnings: Refining margins, Jio subscriber base should cheer investors

RIL said RelWood will be well poised to take advantage of government spending of Rs5 trillion earmarked for developing 100 smart cities. The investment in the construction sector will also be driven by the Reserve Bank of India’s recent permission to allow 100% FDI in the construction sector.

More From LiveMint

image beaconimage beaconimage beacon