Akzo Nobel has inaugurated of a new $ 11.3 million facility for the production of powder coatings. Located in Thane, Mumbai, the plant is the company's sixth production site in India.
Mumbai/India — The new facility in Thane will complement the existing plant in Bangalore, adding new product lines in bonded metallic and functional powder coatings.
India continues to be a high growth market for the company, said CEO, Thierry Vanlancker at the inauguration ceremony. Daniela Vlad, Director of Powder Coatings, added that 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.
As part of a growing footprint in Asia, the company recently also agreed to acquire V.Powdertech, a Thai manufacturer of powder coatings, which supplies a range of products for domestic appliances, furniture and general industrial applications.