Vishnu Chemicals has signed a 50:50 joint venture with France’s DCX Chrome to build a high-purity chromium metal plant in Visakhapatnam.
Here’s what the deal looks like. Both companies will hold an equal 50% stake in the new joint venture entity, with equal representation on its board as well.
The proposed plant will have a capacity of 6,000 tonnes per annum and will be built close to Vishnu Chemicals’ existing chrome facility, near Visakhapatnam port.
High-purity chromium metal is a specialised material used in aircraft engines, particularly in high-temperature parts like combustion chambers, turbine discs, blades and casings.
To put that in perspective, a single commercial aircraft engine, like the one used on an Airbus A320, contains around 250 kg of pure chromium metal.
The material also finds use in defence equipment, nuclear power plants, oil and gas drilling systems, and even thin-film coatings used in LCD screens.
Right now, India imports most of its high-purity chromium metal. That’s the gap this joint venture is trying to fill. Each partner brings something different to the table.
DCX Chrome will supply its proprietary technology for producing high-purity aluminothermic chromium metal and chromium powders, built to meet strict global aerospace standards.
Vishnu Chemicals, on its part, will supply chrome oxide green, the key raw material needed for production, ensuring a steady and reliable input source for the plant. Beyond the technical side, the project has a bigger goal too.
Building this capacity locally is meant to strengthen India’s supply chain for aerospace and defence programmes, cutting down dependence on imports.
It’s also expected to generate skilled engineering jobs in and around Visakhapatnam, adding to industrial growth in the region. Vishnu Chemicals has been operating for more than three decades.
It runs seven manufacturing plants and serves industries ranging from steel and glass to pharmaceuticals and leather, with customers spread across Asia, Europe, the Americas and Africa.
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