Arkema Doubles the Capacity of Its Powder Coating Resins Plant in India
15 December 2022 - 6:45PM
Business Wire
Regulatory News:
Arkema (Paris:AKE):
Arkema announces the doubling of its polyester resins
capacity in its Navi Mumbai facility in India, reinforcing the
Group’s leadership position in the global powder coatings market
and its commitment to developing very low-VOC
technologies.
Arkema invested in the Navi Mumbai facility in early 2019 to
expand geographic coverage of its high performance, more
sustainable, low-VOC products, and to support its customers in
their development. The site includes a modern manufacturing unit
and a dedicated laboratory to provide application development and
technical support in the region.
In order to support its customers’ growth in the area, in
particular in mobility, household and industrial applications,
including automotive, home appliances, furniture and sports
infrastructure, Arkema is now doubling the capacity of its REAFREE®
powder polyester resins in its Navi Mumbai facility.
“India is a key growth market for both the powder coatings
industry and for Arkema,” said Neil Tariq, Global Business Director
for Coating Resins. “Arkema is the first international leader in
powder coating resins to make significant investments in the area.
Powder coating resins enable low waste, solvent-free and high
durability solutions, which make this technology key to the
sustainable development of our customers and partners.”
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to address
ever-growing demand for new and sustainable materials. With the
ambition to become in 2024 a pure player in Specialty Materials,
the Group is structured into 3 complementary, resilient and highly
innovative segments dedicated to Specialty Materials - Adhesive
Solutions, Advanced Materials, and Coating Solutions - accounting
for some 85.5% of Group sales in 2021, and a well-positioned and
competitive Intermediates segment. Arkema offers cutting-edge
technological solutions to meet the challenges of, among other
things, new energies, access to water, recycling, urbanization and
mobility, and fosters a permanent dialogue with all its
stakeholders. The Group reported sales of around €9.5 billion in
2021, and operates in some 55 countries with 20,200 employees
worldwide.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221214005740/en/
Investors Contacts: Béatrice Zilm +33 (0)1 49 00 75 58
beatrice.zilm@arkema.com Peter Farren +33 (0)1 49 00 73 12
peter.farren@arkema.com Mathieu Briatta +33 (0)1 49 00 72 07
mathieu.briatta@arkema.com Caroline Chung +33 (0)1 49 00 74 37
caroline.chung@arkema.com
Press Contact: Anne Plaisance +33 (0)6 81 87 48 77
anne.plaisance@arkema.com
Alikem (TSX:AKE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alikem (TSX:AKE)
Historical Stock Chart
From Apr 2023 to Apr 2024