Mumbai: Energy and engineering major Thermax has signed an aggrement with US-based Georgia Pacific to procure the latter''s technology for making speciality chemicals for the paper manufacturing industry in India and South East Asia.

Atlanta, Georgia-based Georgia Pacific, an $80 billion company, will supply technology for performance enhancing chemicals which find extensive applications in the paper industry.

This technology licence agreement will enable Thermax to improve the competitive edge of its clients by improving productivity, reducing raw material costs and minimising plant down-time while enhancing quality and safety," M S Unnikrishnan, MD, Thermax said.

The Rs2200 crore Thermax has business relationships with a number of paper manufacturers as a supplier of boilers and performance chemicals.