Industry News

Axial inks deal with Old World Industries for distribution of liquid caustic soda

United States: Axial Corporation, a US based chemicals manufacturer has entered into an agreement with automotive and heavy duty coolants supplier, that is, Old World Industries for marketing liquid caustic soda across the US. Axial Corporation would leverage Old World Industries’ supply chain network as well as customer service activities for the distribution of liquid caustic soda. Caustic soda finds application during the production of pulp and paper, treatment of wastewater, as well as in manufacturing various chemicals. Additionally, caustic soda may be used as an intermediate or reactant during the manufacturing processes of plastics, solvents, dyes, inks, coatings, synthetic rubber, etc. Axial Corporation operates in liquid caustic soda through chlorovinyl products segment, under which the company produces chlor alkali and derivative products.

TechSci Research depicts that Axial Corporation, which controls four production facilities for manufacturing liquid caustic soda in the US, is expected to benefit from the partnership with Old World Industries and maintain leadership chlor alkali market.

According to TechSci Research report, India Chlor Alkali Market Forecast and Opportunities, 2019”, the chlor alkali market in India is forecast to reach USD4 million by 2019. The market for chlor alkali chemicals in India is broadly classified into three segments, namely Caustic Soda, Chlorine and Soda Ash. Since, caustic soda serves as a major raw material in the refining process of alumina, growth in the alumina industry is expected to propel the demand for caustic soda in the coming years, thus benefiting the market for chlor alkali chemicals market in the long run.

Relevant News