Teknor Apex B.V. forms JV with Shriram Polytech for advanced polymer compounds
Last update on Apr 27, 2026
Teknor Apex B.V., a subsidiary of Teknor Apex Company, has entered into a joint venture with Shriram Polytech Ltd., a subsidiary of DCM Shriram Ltd., which is engaged in PVC compounds in India. The joint venture will operate under the brand name PolyTek.
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Leveraging India’s strategic position to enhance supply chain resilience
The companies state that the partnership is part of Teknor Apex’s strategy to expand its polymer compounds portfolio and develop global collaborations in growth sectors. It combines Shriram Polytech’s domestic manufacturing presence in vinyl compounds with Teknor Apex’s formulation capabilities, with the stated aim of supplying specialty polymer solutions for a range of industrial applications.
The partners indicate that India’s position as a growing manufacturing and consumption hub offers opportunities for development in advanced polymer compounds. Through PolyTek, the joint venture is intended to use this positioning to strengthen supply chain resilience, improve access to material technologies, and support performance requirements across industries.
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Donald Wiseman, chief executive officer of Teknor Apex, said, "Our collaboration combines Shriram Polytech’s presence in vinyl materials with Teknor Apex's formulating expertise to deliver high-performance solutions for one of Asia’s largest industrial ecosystems. By combining our strengths, we gain immediate access to a well-established local platform, deep market insight, and a strong manufacturing foundation."
Ajay S Shriram, chairman & sr. managing director, DCM Shriram Ltd., added, "This partnership reflects our strategic intent to build future-ready businesses by combining global expertise with strong domestic capabilities. India is at an inflection point in advanced technologies and manufacturing, and through this joint venture, we aim to create a platform that delivers high-performance products and solutions at scale. Together with Teknor Apex, we are well positioned to drive innovation, strengthen supply chain resilience, and serve the evolving needs of both Indian and global customers."
According to the companies, the joint venture will focus on polymer solutions aligned with customer requirements and environmental standards, while supporting operational scale and supply capabilities.
By integrating global innovation with local execution capabilities, the partnership is well positioned to accelerate growth, deepen customer engagement, and expand its footprint in one of the world’s most dynamic markets.