Two Vadodara firms enter into JV, to manufacture construction chemicals for South African countries

Two Vadodara-based firms Lilleria Group and Fairmate Chemicals have a Joint Venture engaged in manufacturing of construction chemicals in Kenya.

The JV firm operates under the name of 'Fairmate Lilleria Kenya Ltd' and is based out of Kenya, Africa, and has capitalized the strong reputation Fairmate has developed as a leading construction chemicals manufacturer with business operations in Indian and abroad. The product line includes Concrete Admixture, Waterproofing System, Engineering Grouts, Industrial Flooring System, Surface Treatment, Concrete Repairs, Pre-packed Concrete & Mortar, Protective Coating and Polysulphide Sealants.

“We aim to produce 20,000 tonnes per year of powder production and around 10,000 tonnes liquid production annually. With JV we aim to expand our wings by setting up 8 plants, which will have similar capacity in each country in the next five years. Kenya is an upcoming country which has a lot of infrastructure projects being undertaken due to which their is a lot of scope for infrastructure and construction chemicals business to grow and with only one competitor we see tremendous growth potential in this segment" said Veer Rajesh Patel, MD of Lilleria Group, a hospitality and construction company which will be diversifying with this tie-up......

Vadodara companies Lilleria Group, Fairmate Chemical tie up for Kenya entry

AHMEDABAD: An intention to tap the construction chemicals market in Kenya, worth an annual Rs 200 crore, has led Vadodara-based companies to Africa.

The Lilleria Group and Fairmate Chemical on Monday forged a joint venture — Fairmate Lilleria Kenya Ltd — to start manufacturing in Kenya. "We will invest Rs 50 crore in the JV in next five years. There is a massive infrastructure and real estate boom in Kenya and there is huge demand for construction chemicals" said Veer Rajesh Patel, Managing Director of Lilleria Group. According to him, Kenya is spending huge amounts on development of infrastructure, including residences, townships and hotels.