MNCs plan expansion of polyurethane business in India as demand picks up

Indian producers want govt to address the issue of inverted duty structure to boost local production

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<a href="http://www.shutterstock.com/pic-257811367/stock-photo-construction-builder-works-with-polyurethane-foam-during-frame-insulation-at-window-installation.html?src=NmqDRQy8BhXeCLjzjW5kvg-1-3" target="_blank">PU foam</a> image via Shutterstock.

Rakesh Rao Mumbai

Last Updated : Mar 22 2017 | 10:23 AM IST

Last month, Mitsui Chemicals & SKC Polyurethanes Co Ltd (MCNS) - a 50:50 joint venture of Japan’s Mitsui Chemicals Inc and South Korea’s SKC Co Ltd - announced its plan to invest $ 7.3 million (about Rs 49 crore) for setting up a polyurethane (PU) system house in Andhra Pradesh.

Take another example of Dow Polyurethanes (PU) business, a part of the US-based Dow Chemical, which plans to expand its manufacturing base in India with 50 percent increase in the production capacity of its PU system house at Ratnagiri in Maharashtra.

MCNS & Dow have joined a stream of multinational