ALSO READAkzoNobel India shareholders approve chemical biz sale AkzoNobel India Q3 net profit up 20 pc at Rs 83 cr Akzo Nobel India inaugurates powder coating facility in Thane Akzo Nobel India to convene board meeting Akzo Nobel India standalone net profit rises 20.50% in the December 2017 quarter
Global paints and coatings firm AkzoNobel today said it has inaugurated a Rs 65-crore powder coatings facility in Thane, Mumbai, to strengthen its manufacturing footprint in India. This is the sixth facility which will provide better access to northern and western markets in India, the company statement said. "India continues to be a high-growth market for AkzoNobel and the launch of the new powder coatings facility will only further strengthen our manufacturing footprint in the country," AkzoNobel NV CEO Thierry Vanlancker said. The new facility will complement AkzoNobel's existing plant in Bangalore, adding new product lines in bonded metallic powder and pipe and re-bar coatings. AkzoNobel India Managing Director Jayakumar Krishnaswamy said: "The new facility plays a critical role in AkzoNobel India's expansion plans and provides a boost to our access to the markets located in northern and western parts of India.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)