Global paints and coatings manufacturer AkzoNobel (Amsterdam, The Netherlands) recently inaugurated a new €9-million facility for the production of powder coatings in India.
Located in Thane, Mumbai, the plant is the company’s sixth production site in India. Many of the group’s powder coatings are used by customers to protect against corrosion.
“India continues to be a high growth market for us, and the launch of this new facility will further strengthen our manufacturing footprint in the country, which forms an important part of our organic growth plans,” says CEO Thierry Vanlancker, who spoke at the inauguration ceremony.
The new facility in Thane will complement AkzoNobel’s existing plant in Bangalore, adding new product lines in bonded metallic and functional powder coatings. Capacity details were not disclosed.
“Our powder coatings business in India has been delivering strong, profitable growth,” says Daniela Vlad, director of the group’s powder coatings business. “The new facility will play a critical role in our expansion plans and boost our access to markets located in northern and western parts of the country.”
The company is the largest global manufacturer of powder coatings and a world leader in powder coatings technology. The group recently agreed to acquire Thai manufacturer V.Powdertech Co. Ltd. (Mueang Samut Sakhon, Thailand), which supplies a range of products for domestic appliances, furniture, and general industrial applications.