AkzoNobel inaugurates ?650 mn powder coatings facility in India

AkzoNobel opens Rs 650 mn powder coatings facility in India

7:50 AM, 15th February 2018
AkzoNobel inaugurates ?650 mn powder coatings facility in India
Thierry Vanlancker, CEO, AkzoNobel NV at the center (cutting the ribbon) at the inauguration of powder coatings facility in Mumbai with Jayakumar Krishnaswamy, managing director, AkzoNobel India (center left).

MUMBAI, INDIA: AkzoNobel India said that it has inaugurated it’s rupees 650 million powder coatings facility in Mumbai. Located in Thane, this is AkzoNobel’s sixth facility in India, reinforcing its commitment to the Indian market.

The new facility will complement AkzoNobel’s existing plant in Bangalore, adding new product lines in bonded metallic powder and pipe and re-bar coatings.

AkzoNobel is the largest global manufacturer of powder coatings and a world leader in powder coatings technology. The company recently agreed to acquire the business of V.Powdertech Co Ltd.

“India continues to be a high-growth market for AkzoNobel and the launch of the new powder coatings facility will only further strengthen our manufacturing footprint in the country. With this plant we intend to increase capacity in the region, which forms an important part of our organic growth plan,” said Thierry Vanlancker, CEO, AkzoNobel NV.

“AkzoNobel India powder coatings has been delivering a strong profitable growth. The new facility plays a critical role in AkzoNobel India’s expansion plans and provides a boost to our access to the markets located in Northern & Western parts of India,” added Jayakumar Krishnaswamy, managing director, AkzoNobel India.

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