The partnership marks a strategic step towards building a globally competitive and technically advanced Plastics Polymer solutions platform
Apr 17, 2026
Teknor Apex B.V., a subsidiary of Teknor Apex Company, today announced it has entered into a joint venture with Shriram Polytech Ltd., a subsidiary of DCM Shriram Ltd. – one of India’s leading industrial companies engaged in PVC compounds. The joint venture will operate under the brand name PolyTek.
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This partnership represents a significant milestone in Teknor Apex’s strategy to strengthen and grow its Polymer compounds portfolio and develop its global partnerships in high-growth sectors. By combining Shriram Polytech’s strong domestic presence and manufacturing capability in vinyl compounds with Teknor Apex’s global formulation capabilities, the joint venture aims to deliver high-performance and technically advanced, specialty polymer solutions for diverse industrial applications.
Donald Wiseman, Chief Executive Officer of Teknor Apex, said: “Our collaboration combines Shriram Polytech’s presence in vinyl materials with Teknor Apex’s formulating expertise to deliver high-performance solutions for one of Asia’s largest industrial ecosystems. By combining our strengths, we gain immediate access to a well-established local platform, deep market insight, and a strong manufacturing foundation.”
Ajay S Shriram, Chairman & Sr Managing Director, DCM Shriram Ltd., added: “This partnership reflects our strategic intent to build future-ready businesses by combining global expertise with strong domestic capabilities. India is at an inflection point in advanced technologies and manufacturing, and through this joint venture, we aim to create a platform that delivers high-performance products and solutions at scale. Together with Teknor Apex, we are well positioned to drive innovation, strengthen supply chain resilience, and serve the evolving needs of both Indian and global customers.”
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The joint venture reflects a shared commitment to operational excellence, scale, sustainability, and responsible growth. PolyTek will focus on providing advanced polymer solutions that meet evolving customer needs while aligning with global environmental standards.
