ATUL has announced a significant move in the water treatment solutions sector, forming a 50:50 joint venture with Buckman Laboratories (Asia) Pte. Ltd. This strategic partnership aims to revolutionize water treatment technologies in India and Sri Lanka, with a focus on digitally-enabled solutions and sustainability.

Key Highlights of the Joint Venture

• Equal Partnership: ATUL and Buckman will each hold a 50% stake in the new joint venture company.
• Business Focus: The venture will manufacture, market, and deliver advanced water treatment solutions with digital and chemical technologies.
• Market Coverage: Operations will target India and Sri Lanka, with potential for expansion.
• Manufacturing Initiative: The joint venture aligns with India's "Make in India" initiative, planning to manufacture a comprehensive range of water treatment chemicals domestically.

Strategic Vision and Offerings

The joint venture, which will operate under the name 'Atul-Buckman', is set to become a leading player in water and environmental management in the region. Its strategic vision encompasses:

1. Introduction of next-generation treatment chemistries
2. Implementation of digital, data-driven water management solutions
3. Provision of comprehensive solutions supported by technical expertise

Industry Impact

The partnership is poised to serve various sectors, including:

• Chemical
• Food processing
• Power
• Pulp and paper
• Textiles
• Municipal and commercial utilities

By combining Buckman's renowned portfolio of water treatment chemistries and digital solutions with ATUL's strong manufacturing capabilities and market presence in India, the joint venture aims to address the growing domestic demand for advanced water treatment solutions.

Leadership Perspectives

Mr. Junai Maharaj, President and CEO of Buckman, expressed enthusiasm about the collaboration, stating, "Our partnership with ATUL reflects our commitment to growth in high-potential markets like India and to creating meaningful impact through chemistry and innovation for our customers and communities."

Mr. Sunil Lalbhai, Chairman and Managing Director of ATUL, commented, "We are pleased to partner with Buckman, a global expert in water treatment and sustainability. This initiative further reinforces our commitment to the environment and focuses on sustainability in all that we undertake."

Looking Ahead

The joint venture agreement was signed on August 7, 2025, with the anticipation that ancillary agreements and incorporation-related documentation will be completed by early October 2025. This strategic move positions both ATUL and Buckman to capitalize on the growing demand for sustainable and innovative water treatment solutions in the region, while supporting India's goals for sustainable industrial development and water conservation.

As industries increasingly prioritize efficient water management and environmental compliance, the Atul-Buckman joint venture is well-positioned to deliver cutting-edge solutions that combine chemical expertise with digital innovation, potentially reshaping the water treatment landscape in India and Sri Lanka.

The European Union (EU) has recently finalized anti-dumping tariffs on epoxy resins imported from China, Taiwan, and Thailand, a move that could have implications for Indian chemical company Atul Ltd .

EU's Trade Measure on Epoxy Resins

The EU's decision to impose final anti-dumping tariffs on epoxy resins from the three Asian countries marks a significant development in the global chemicals trade. This measure is designed to protect European manufacturers from unfairly priced imports, but it also has potential repercussions for companies operating in the sector worldwide.

Potential Impact on Atul Ltd

Atul Ltd, a prominent player in the Indian chemicals sector, may face challenges due to this new trade measure. The company, which has operations in the epoxy resins market, could see its competitive position affected in the European market.

Implications for the Chemical Industry

This development highlights the ongoing complexities in international trade, particularly in the chemicals sector. Companies like Atul may need to reassess their strategies for the European market in light of these new tariffs.

While the full impact of these tariffs on Atul's business remains to be seen, it underscores the importance of diversification and adaptability in the face of changing global trade dynamics. Stakeholders will be watching closely to see how Atul and other affected companies respond to this new trade environment.

As the situation develops, more details may emerge about the specific rates of the anti-dumping tariffs and their potential long-term effects on the global epoxy resin market and its key players.