Perstorp Expands in India
March 4, 2010
PERSTORP, Sweden - Perstorp has established a new application laboratory in India. The laboratory will meet the growing demand for high-quality and technologically advanced specialty chemical solutions in the country. The company is also expanding its sales team in India to support the expansion.
India continues to be a major growth market, with a GDP growth of seven-to-eight percent per year and rapidly rising standards of living. As the automotive, construction and textile industries continue to boom in the country demand continues to grow.
“We see a rise in demand from coatings formulators especially, who in turn supply the construction, automotive and textile industries,” said Lars Erlandsson, Managing Director Perstorp Chemicals India. “The market is not only growing in quantity but also in terms of needing more technologically advanced solutions that meet the increasing consumer demands for higher quality and safety in end products.”
Perstorp’s new application laboratory in Ghatkopar, a suburb of Mumbai, supports this growth and gives customers closer local partnerships and opportunities for joint innovation. The laboratory has state-of-the-art equipment and the full support of application R&D experts to explore new formulations and developments in paint, coatings and resin applications.
Perstorp has also expanded its sales and marketing organization in India to better support its customers and has plans for continued recruitment.