Shell Bitumen partnered Tiki Tar industries to sell bitumen

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.

“This partnership enables Shell Bitumen to grow our global footprint by expanding into India, one of the world’s fastest growing economies and a key growth market for Shell, together Shell’s global brand and technology leadership and Tiki Tar Industries’ established manufacturing and supply chain network are well-placed to cater to the growing demand for bitumen due to the expansion of road networks in India,” said Jason Wong, Vice President of Shell Global Bitumen and Sulphur.

Rajendra Shah, Chairman of Tiki Tar Industries.

The Indian government announced as part of the country’s 2019 budget that it plans to spend up to $1.17 billion to upgrade 125,000 km 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 world-class 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 local presence across the India market.