Arkema build powder coating plant in India; invest 15 mn

Arkema to build powder coating plant in India; invest $15 mn

10:10 AM, 7th October 2016
Arkema to build powder coating plant in India; invest 15 mn
Arkema Mumbai plant (India) for manufacturing of coating resins.

COLOMBES, FRANCE: Arkema Inc said that it has plans to build a new leading class polyester powder resin production facility, the first in India, on its existing resin site in Navi Mumbai, Maharashtra.  

The project, which signifies an investment of approx $15 million and is excepted for completion in 2018, includes a new production unit and a dedicated new laboratory to provide both application development and technical support. The new facility will support customers in the fast growing powder coating market.

The new facility will produce polyester powder resins marketed under the brand name REAFREE. The principal use for polyester powder coatings includes a wide range of industrial coatings along with automotive and architectural applications.

This investment supports Arkema’s ambition to growing its geographical coverage of its environmentally friendly, low-VOC (volatile organic compound) coating resins portfolio, including powder resins, waterborne resins, UV photocure and high solid solutions, as well as high performance coating additives.

“Increasing environmental-friendly solutions with low-VOC content, resins for powder coatings is a significant and rising part of our product portfolio. This new capacity will complement our present production sites in Europe and North America, and underpins our promise to meet our customers’ needs wherever they operate around the world,” said Richard Jenkins, global group president for the coating resins business.

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