Solar Industries Announces Strategic Partnership With Eurenco
Solar Industries India Limited, India's largest manufacturer of explosives and initiating systems, and Eurenco, the European leader in energetic materials, announced a strategic partnership agreement related to the supply of Explosives, Propellants, Transfer of Technology projects and to a common offer for the Bi-Modular Charge System (BMCS) project in India.
Solar and Eurenco signed a preliminary Memorandum of Understanding (MoU) as far back as July 2016 to evaluate various cooperation options, including the BMCS project. The two companies confirm with this strategic partnership their strong will to reinforce their cooperation to address the Indian Army's needs and future developments including export options. Eurenco is ready to collaborate with Solar for the supply of Propellants, Bombs, Ammunition filling and Modular Charges technologies under the "Make in India" policy for the private sector. Solar is willing to build dedicated infrastructure facilities with the technical assistance of Eurenco on its explosive and propellant facilities in Nagpur, India. The new facility would include Propellant Plants, one of the key components of Modular Charges, Bombs and Ammunition filling capabilities.