Shell Bitumen partners with Tiki Tar Industries
04 November 2019
Shell Bitumen has entered into a partnership with Tiki Tar Industries to sell bitumen to customers in the pavement sector, including national and state highways, airport runways and village roads in India.
Tiki Tar and Shell India Pvt Ltd, a 50-50 incorporated joint venture between Shell and Tiki Tar Industries, will supply and market an extensive range of bitumen products based on the Shell Bitumen product portfolio.
The India government announced as part of the country’s 2019 budget that it plans to spend up to USD 1.17bn to upgrade 125,000km of roads over the next five years to improve connectivity across the country. As a result, India’s bitumen demand is expected to remain strong in the near future.
Shell will bring its bitumen research and development expertise and over 125 years’ global experience to the joint venture, while Tiki Tar brings its extensive manufacturing network and established a local presence across the India market.