ITASCA, IL – ICP Industrial Solutions Group (ISG) recently announced the start of its manufacturing expansion in Bhiwadi, India, a continuation of ICP’s global strategic growth plan. An agreement was signed in October for the manufacturing site in the RIICO Industrial Area.
ICP has started site preparation for the manufacturing and distribution facility, which will provide locally made ICP products. It is anticipated that the new manufacturing plant will be producing packaging coatings by March 2022.
In 2018, ICP launched its global growth plan with the employment of a local experienced team. The objective of this new team, supported by ICP’s global resources, was to better serve the emerging packaging market in India. In 2019, the company established an Indian entity and entered strategic partnerships with select customers and distributors in New Delhi and Mumbai. This further facilitated local supply of product to the expanding business. The continued growth and demand for ICP’s products strengthened the decision to manufacture ICP coatings locally in India.
“Building a manufacturing facility in India is part of ICP’s strategic global growth plan to better serve our customers with innovative solutions worldwide,” said Paul Grzebielucha, Division President of ICP. The new facility affords the Industrial Solutions Group additional production capacity, manufacturing efficiencies, improved raw material sourcing and a further diversified portfolio of products. India and surrounding international customers will benefit with shortened delivery times, expanded inventory, expertise in technical service, and industry-leading customer service.