Zavenir and Kluthe Group have announced a major strategic 50:50 joint venture, named Zavenir Kluthe. The aim of this tie-up is to cater the needs of automotive, automotive ancillaries, heavy engineering, and plastic industry.

According to their terms of the tie-up, Zavenir will help the venture with its domestic infrastructure in marketing and sales of specialty chemical products. While, on the other hand, by sharing its state of art technologies Kluthe will bring in competitiveness to users apart from enabling them to adopt solutions which are greener.

Since 2011 Zavenir has been a licensee partner of Kluthe Group, this joint venture is an extension of this relationship aimed at increasing the manufacturing, marketing, and sales of all Kluthe's products and technologies in the field of metal working fluids, surface treatment, and paint shop management.

(Continued on the next page)