India: Crystal Crop Protection to acquire Solvay's Nagpur plant

A farmer plants rice seedlings in a paddy field on the outskirts of Yangon. Reuters

Delhi-based agro-chemicals firm Crystal Crop Protection Pvt. Ltd (CCPPL) on Tuesday said it agreed to acquire a speciality chemicals plant from Cytec India Specialty Chemicals & Materials Pvt. Ltd, an Indian unit of Belgian chemicals firm Solvay SA.

The manufacturing facility spread across about 10 acres of land is located in Butibori, Nagpur, Crystal Crop said in a statement. Cytec Industries Inc. was acquired by Solvay SA in 2015 for $5.5 billion. Brussels-based Solvay is a multi-specialty chemicals company with operations in 58 countries.

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