AkzoNobel Inaugurates Powder Coatings Plant in Mumbai
AkzoNobel has inaugurated a €9 million facility for the production of powder coatings. The plant is in Thane, Mumbai, making it the company’s sixth production site in India.
“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,” said AkzoNobel CEO, Thierry Vanlancker.
“Our Powder Coatings business in India has been delivering strong, profitable growth. 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,” added Daniela Vlad, director of Powder Coatings.
According to the company, the new facility in Thane will complement AkzoNobel’s existing plant in Bangalore, adding new product lines in bonded metallic and functional powder coatings.