SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million – Feedback

Gurgaon based SRF Ltd, a chemical based multi-business entity that manufactures refrigerants in India has entered into a definitive agreement with global major Mexichem to acquire HFC 125, a hydrofluorocarbon refrigerant used in the air-conditioning industry for little over $10 million. These are zero ozone depleting substances.

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 from United Kingdom and set up the facility for manufacturing HFC-125 at its Chemical Complex in Dahej, Gujarat.“This acquisition is in line with our strategic direction to further strengthen the company’s position in the high growth refrigerants market,”

https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/srf-acquires-hydrofluorocarbon-refrigerant-from-mexichem-for-10-million/articleshow/61458849.cms

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