AkzoNobel building powder coatings plant in Mumbai, India
AkzoNobel has started construction of its new powder coatings plant in Mumbai, India.
As part of its growth plan, the Dutch chemical producer will make an investment of €9m to increase its capacity in the region.
AkzoNobel Performance Coatings executive committee member Conrad Keijzer said: “As the largest powder coatings company in the world, we regard India as being one of our most important strategic markets.
“Establishing the new facility in one of the world’s fastest growing economics will give us additional momentum for our ambitious growth plans in the country.”
The new facility will complement AkzoNobel’s existing facility in Bangalore that focuses on south and east of the country.
AkzoNobel Powder Coatings managing director Simon Parker said: “Demand for powder coatings has been growing at double-digit rates in India and this facility will position us well to capture that growth.
“We will also be adding new product lines, which will bring us closer to our customers in the north and west of India.”
The upcoming factory in Mumbai will produce new products such as bonded metallic powders and localised products for markets such as pipe and re-bar coatings, which is new to the Indian market.
Start-up of the new Mumbai facility is scheduled for late-2017.
Image: AkzoNobel to open new powder coatings plant in Mumbai, India. Photo: courtesy of Akzo Nobel NV.