Reliance Industries Ltd seals their deal with Resysta International GmbH (Resysta)

By June 26 , 2017
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Reliance Industries Ltd (RIL), led by Mukesh Ambani, has sealed a license agreement with Resysta International GmbH (Resysta), Germany. The deal gives RIL the exclusive rights to produce and market Rel Wood, a Natural Fiber Polymer Composite (NFPC), in India. The product is the raw material for producing sheets and various profiles used in a wide range of wood & plywood replacement applications. Cementing their deal in his comments, Vipul Shah, COO Petchem, RIL, said,“Through this strategic partnership with Resysta, RIL is looking forward to produce the Rel Wood compound exclusively in order to meet the fast-growing demand of real alternative to tropical wood. This agreement is further evidence of RIL’s commitment to sustainable initiatives based on innovative technology. Resysta is a leading German innovator, and together we will offer Indian consumers cutting edge technological product as an alternative to natural wood.”

Resysta successfully has stood out from its counterpart by developing a material, resistant to weather and water while still having the texture of wood. The material, to the pleasant surprise of the user, does not get affected by termites, not splinter or rot over time; it is procured using a renewable resource and is fully recyclable. The company’s statement also asserts the points for innovation and sustainability, addressing carefully, the crisis of disappearing rain forests as well as the inferior quality of wood composite products that were used before. Bernd Duna, CEO of Resysta International, said, “We are currently licensing our technology across the world, and have found in Reliance Industries our perfect partner for India. By manufacturing the Resysta Compound locally, the products become even more environment friendly and easily available. As a leading petrochemicals manufacturer in India, RIL is ideally poised to manufacture on a par with our high worldwide standard. We look forward to continuing Resysta’s success story in India in partnership with RIL.”

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