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Indian, Norwegian firms sign safety, risk management deal
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SME Times News Bureau | 15 Nov, 2018
UPL, a leading India-headquartered crop protection products company, and
Gexcon AS, a Norway-based global leader in safety and risk management,
have signed a memorandum of understanding (MoU) on innovation management
in process safety.
The MoU, signed in the presence of Norwegian
Ambassador to India Nils Ragnar Kamsvåg here on Wednesday, will enable
UPL to strengthen the existing standards on Process Safety across its
manufacturing facilities and projects worldwide.
"We are
appreciative and proud of the trust UPL stakeholders have put to achieve
excellence in manufacturing while continuous growth takes place,"
Vikram Shroff, Director of UPL group, said in a statement.
"The
next phase of UPL's operational aspiration is aimed at achieving global
leadership by strengthening the existing standards of process safety and
risk management and work on research and development by building a
centre of excellence," he said.
UPL stock is publicly traded on
the Bombay Stock Exchange and the National Stock Exchange of India. Its
current market capitalisation is $4.6 billion, as of June 30.
"We
look forward to supporting UPL in their process transformation to
better identify, manage and deliver innovative ideas in process safety
and risk management while handling hazardous chemicals," Sturle H.
Pedersen, President and Global CEO of Gexcon, said in the statement.
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