Shell and Tiki Tar Industries executives at the joint venture signing ceremony: (from left)Hirendra K. Mota, Director, Tiki Tar Industries; Rajendra Shah, Chairman, Tiki Tar Industries; Jason Wong, Vice President of Shell Global Bitumen and Sulphur; Thanes Rajatapiti, Shell Specialities Regional General Manager, Asia and Middle East; and Raman Ojha, Country Head, Shell Lubricants India.

Shell and Tiki Tar Industries executives at the joint venture signing ceremony: (from left)Hirendra K. Mota, Director, Tiki Tar Industries; Rajendra Shah, Chairman, Tiki Tar Industries; Jason Wong, Vice President of Shell Global Bitumen and Sulphur; Thanes Rajatapiti, Shell Specialities Regional General Manager, Asia and Middle East; and Raman Ojha, Country Head, Shell Lubricants 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,” said Jason Wong, Vice President of Shell Global Bitumen and Sulphur. “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,” he added.

“Tiki Tar Industries has been supplying bitumen products in India for over 55 years; this joint venture is a major step for us,” said Rajendra Shah, Chairman of Tiki Tar Industries. “It creates the opportunity to bring higher quality bitumen products to India to meet the country’s need of better roads and improved connectivity. I look forward to working with Shell and growing our business together.”

The India government announced as part of the country’s 2019 budget that it plans to spend up to $1.17 billion 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 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.

Enquiries:

Shell
Sonia Meyer
External Relations, Shell Bitumen
sonia.meyer@shell.com

Priyanka Dube
Media Manager, Shell India
Priyanka.Dube@shell.com

Tiki Tar Industries
Hardik Shah
tiki@tikitar.com

Notes to Editors:

  • The joint venture will supply and market to customers in the pavement sector, including national and state highways, airport runways and village roads in India. It will sell the whole range of Shell Bitumen products related to the road paving industry, including but not limited to base bitumen VG30/40, polymer-modified bitumen (PMBs), crumb rubber modified bitumen (CRMBs), natural rubber modified bitumen (NRMBs) and bituminous emulsions.
  • Shell Bitumen is the world’s largest international bitumen marketer with customers in over 30 countries. Annually, it supplies enough bitumen to help resurface 450 kilometres of road every day; enough to travel around the world four times in one year. Shell is a leader in bitumen technology and has more than 200 bitumen and asphalt related inventions. Shell Bitumen operates a global bitumen R&D Centre in Bangalore, India, and a network of regional solution centres strategically located in China, France and Thailand. For more information on Shell Bitumen, visit www.shell.com/bitumen.
  • Tiki Tar Industries is an asphalt and bitumen manufacturing company operating in India since 1964. It is the largest private sector bitumen company in India with six manufacturing units at strategic locations. Tiki Tar has 55 years’ experience in providing extensive bitumen product range to India and Nepal, with infrastructure projects such as express highways and airports under its portfolio. For more information on Tiki Tar Industries, visit www.tikitar.com.

Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com

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