Aquatech moves to rationalise its supply chain
- From: Vol 12, Issue 7 (July 2011)
- Category: General
- Region: Asia
- Country: India
- Related Companies: Aquatech International Corporation, IVRCL and WEX
Aquatech’s purchase of a majority stake in chemicals company WEX Technologies will help make it more competitive. It is the latest in a string of similar deals in India.
The recent purchase of a majority stake in Indian chemicals company WEX Technologies by Pennsylvania-based water process technology firm Aquatech International underscores a growing trend of supply chain rationalisation among water companies in India.
Pune-based WEX was established in 2001, and has been growing at a CAGR of 15% in recent years. The company manufactures boiler water chemicals, anti-scalants, specialty ...
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