Log In

 
Company : Akzo Nobel India Limited 
Monday, December 26, 2016 1:05PM IST (7:35AM GMT)
 
(NSE:AKZOINDIA)(BSE:500710 )
AkzoNobel India Inaugurates a First-of-its-kind Specialty Coatings Facility in Noida, Uttar Pradesh
Increasing capacity in India to meet the growing demand of manufacturers in the consumer durables and electronics industries
 
New Delhi, Delhi, India

AkzoNobel, a leading global paints and coatings company, has inaugurated the first-of-its-kind Specialty Coatings production facility and colour laboratory in Noida, Uttar Pradesh, a satellite town 25 km from New Delhi, to service its customers in the consumer electronics, automobile and cosmetic industries.
 

AkzoNobel creates everyday essentials to make people’s lives more liveable and inspiring. With an emphasis on caring for life, it offers sustainable options for the essential protection of coatings. With an investment of € 0.4 million (INR 3 crore), the new site will manufacture 600 kl of coatings annually, thus catering to the localisation drive undertaken by many large companies. Being situated in India, the site will supply AkzoNobel’s coating systems faster to manufacturing companies in the country. Already commissioned, the facility is in its first phase; the second phase is likely to be completed by the end of 2016, with scope for further expansion.
 
Alberto Slikta, Managing Director, Specialty Coatings, AkzoNobel, said, “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 a high demand for consumer durables and electronics. As demand and volumes 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. We are committed to organic and sustainable growth and are confident that this facility will enable us to serve our customers better.”
 
AkzoNobel is a leading producer of innovative solutions for the consumer electronics and automotive sectors. According to the Indian Brand Equity Foundation (IBEF), India is expected to become the fifth largest consumer durables market in the world by 2025. The consumer electronics market is expected to increase to US $400 billion by 2020; the Indian automotive sector has the potential to contribute over 12 per cent to India’s Gross Domestic Product. North India is pegged to be the hub of this sector and this facility aims to cater to this growing demand. The size of the beauty, cosmetic and grooming market is growing fast as well and is expected to reach US $20 billion.
 
AkzoNobel India currently operates six state-of-the-art manufacturing sites and two research centres, along with a network of over 8,800 dealers and distributors.
  
About AkzoNobel India:
 
AkzoNobel creates everyday essentials to make people’s lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential colour to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Consistently ranked as a leader in sustainability, we are dedicated to energising cities and communities while creating a protected, colourful world where life is improved by what we do.
 
AkzoNobel India has been present in India for over 60 years and is a significant player in the paints industry. In 2008, the company became a member of the AkzoNobel Group. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Interpon. With employee strength of close to 1,900, AkzoNobel India has manufacturing sites, offices and a distribution network spread across the country. All manufacturing facilities have a state-of-the art environmental management system. Its commitment to Health, Safety, Environment & Security (HSE&S) has been among the best in class globally, with due care being taken to protect the people and the environment
 
Safe Harbour Statement:
 
This press release may contain statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ materially from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures.

Photo Caption: Alberto Slikta, Managing Director, Specialty Coatings, AkzoNobel inaugurates a first-of-its-kind Specialty Coatings facility in Noida, Uttar Pradesh

 
For News Release background on Akzo Nobel India Limited click here
 
Media Contact Details
Joya Ahluwalia, Country Communications, AkzoNobel India, +91 (124) 4852400, joya.ahluwalia@akzonobel.com
Sakshi Mathur, Genesis Burson-Marsteller, +91-9999007585, sakshi.mathur@bm.com
 
 
Submit your press release
More News from Akzo Nobel India Limited

23/01/2017 3:45PM

AkzoNobel India Wins Golden Peacock Award for Corporate Social Responsibility - 2016

AkzoNobel India, a leading multinational in the field of coatings and specialty chemicals has been honoured with the prestigious “Golden Peacock Award” for Corporate Social Responsibility 2016 at the 11th ...

21/12/2016 6:50PM

AkzoNobel India Wins Two Prestigious Awards at World Business Conclave 2016

AkzoNobel India a leading paints and coatings company was conferred as the 'Pioneer in Coatings Technology' and Mr. Nihal Kaviratne, CBE, Chairman of the Board of Directors was awarded for driving ...

12/04/2016 6:05PM

Dulux SuperCover - Colours of the World Voted Product of the Year 2016

Dulux SuperCover – Colours of the World from Dulux, the flagship Decorative paints brand from AkzoNobel has been adjudged as Product of the Year 2016 by Nielsen India. One of the largest surveys for product ...

Similar News

20/09/2017 7:15PM

Freshworks Launches Freshchat, A Next-gen Customer Messaging Product

Freshworks, the leading provider of cloud-based business software, today announced the launch of Freshchat, a next-gen messaging product that helps businesses better communicate with their customers.

No Image

20/09/2017 6:50PM

Brooks Levitate with DNA AMP Delivers Infinite Energy

Based on seven years of Run Signature research, Brooks Running is launching the all new Levitate with DNA AMP—a shoe engineered to provide the most energy return of leading performance running shoes. The springy ...

Multimedia Gallery
Alberto Slikta, Managing Director, Specialty Coatings, AkzoNobel inaugurates a first-of-its-kind Specialty Coatings facility in Noida, Uttar Pradesh