Arkema to Construct Manufacturing Facility in India
October 25, 2016
Arkema has announced plans to construct a polyester powder resin manufacturing facility on its existing resin platform in Navi Mumbai, Maharashtra. The project is an investment of approximately $US 15M (EUR13.4 million) and is scheduled for completion in 2018. A new manufacturing unit and a dedicated new laboratory to provide both application development and technical support is included in the project, Arkema stated. The facility will support customers in the fast growing powder coating market, the company added.
“Offering increasingly environmental-friendly solutions with low-VOC content, resins for powder coatings is an important and growing part of our product portfolio,” said Richard Jenkins, global group president for the Coating resins business. “This new facility will
complement our existing manufacturing sites in Europe and North America, and underpins our commitment to meet our customers’ needs wherever they operate around the world.”
The new facility will reportedly produce polyester powder resins marketed under the “Reafree” trade name. According to Akrema, this investment supports the company’s ambition to expand its geographical coverage of its environmentally friendly, low-VOC coating resins portfolio, including powder resins, waterborne resins, UV photocure, and high solid solutions, as well as high performance coating additives.
Arkema’s manufacturing site in Navi Mumbai also produces alkyd, acrylic solutions, and oil-free polyester resins, as well as reactive polyamide resins. Akrema stated that upgrading the capabilities of its Indian production facility is part of the ongoing commitment of the Group to remain a global supplier to the coating industry while providing customers with all of the benefits of cutting edge technology, locally manufactured with strong technical support.