Arkema Announces Expansion Plan for Powder Coating Resins in India
PARIS - Arkema announced plans to construct a new polyester powder resin manufacturing facility, the first of its kind in India, on its existing resin platform in Navi Mumbai, Maharashtra. The project, which represents an investment of approximately $15 million and is targeted for completion in 2018, includes a new manufacturing 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 coatings market.
“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 produce polyester powder resins marketed under the REAFREE® trade name.
This investment supports Arkema’s ambition to expanding 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.