Reliance Industries Ltd (RIL) has entered into a license agreement with Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood, a Natural Fiber Polymer Composite (NFPC), in India. This compound will be the raw material for the production of sheets & various profiles used in a wide range of wood & plywood replacement applications.
Vipul Shah, COO Petchem, RIL said "Through this strategic partnership with Resysta, RIL is looking forward to produce the RelWood 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."
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