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| Exchange Received Time 02/11/2017 16:49:53 Exchange Disseminated Time 02/11/2017 16:49:56 Time Taken 00:00:03 | SRF Limited Expands its Refrigerants Portfolio to Service the AC Industry by Acquiring the R 125 Assets of a Global Major
SRF to acquire the HFC-125 assets and technical know-how from a Global Major
With this Acquisition, SRF attains global scale in its Refrigerants Business
Gurugram, November 2, 2017: SRF Limited, a chemical based multi-business entity and a leading manufacturer of refrigerants in India, announced today that it has reached a definitive agreement to acquire the HFC-125 assets from a global leader in the development, manufacture and supply of fluoroproducts.
Under the agreement, SRF will own the HFC-125 assets and the technical know-how on an exclusive basis. The Company plans to relocate the assets to India and set up the facility for manufacturing HFC-125 at its Chemical Complex in Dahej, Gujarat.
SRF is the only Indian manufacturer of HFC 134a and HFC 32, both of which it has developed using indigenous technology.
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