AkzoNobel inaugurates specialty coatings facility at Noida

AkzoNobel India, a leading global paints and coatings company today said it has inaugurated the specialty coatings production facility and colour laboratory in Noida in Uttar Pradesh.
With an investment of Rs 3 crore, the new site will manufacture 600 kl of coatings annually and service our customers in the consumer electronics, automobile and cosmetic industries. Already commissioned, the facility is in its first phase and the second phase is likely to be completed by the end of 2016, with scope for further expansion, a statement said here.
"India is a key market for our growth strategy and this facility will enable us to further strengthen our position as a leading producer while supporting the supply network. Additionally, this market shows signs of high demand for consumer durables and electronics," AkzoNobel Specialty Coatings Managing Director Alberto Slikta said.

"As demand and volume rise, we will continue to fortify our footprint in high-growth economies such as India and leverage success models of other markets such as Korea, China and Vietnam," he said.
"We are committed to organic and sustainable growth and are confident that this facility will enable us to serve our customers better," Slikta said.