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Pidilite Industries commissions second manufacturing facility in Bangladesh

Capital Market 

A state-of-the-art manufacturing plant of Pidilite Speciality Chemicals Bangladesh (PSCBL) was formally commissioned at Bhaluka in Mymensingh on Wednesday, 21 August 2019.

Pidilite Speciality Chemicals Bangladesh (PSCBL) is a subsidiary of Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals. This will be PSCBL's second plant in addition to the existing plant at Munshigonj in Bangladesh. Pidilite began its journey in Bangladesh 15 years ago and today is one of its focus international markets.

Pidilite currently has operations in more than 70 countries with 8 facilities outside India, including the ones in Bangladesh.

Pidilite has earmarked over BDT 550 million as an investment towards the plant; spread over 5.9 acres, the plant will further strengthen Pidilite's position in the adhesive market in Bangladesh and enhance its market presence. The new plant will manufacture leading brands such as Fevicol SH, Fevicol Speedx, Fevicol Marine, Pigment Emulsion, Piditint, and White Emulsion for the local market. This will be an environment-friendly plant with zero-discharge.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 22 2019. 19:30 IST
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