MOSCOW (MRC) -- Arkema has announced plans to construct a new leading class polyester powder resin manufacturing facility, the first of its kind in India, on its existing resin platform in Navi Mumbai, Maharashtra, said the producer on its site.
The project, which represents an investment of approximately USD15 mln and is targeted for completion in 2018, includes a new manufacturing unit and a dedicated new laboratory to provide both application development and technical support. The new facility will support customers in the fast growing powder coating market.
"Offering increasingly environmental-friendly solutions with low-VOC content, resins for powder coatings is an important and growing part of our product portfolio," said Richard Jenkins, global group president for the Coating resins business. "This new facility will complement our existing manufacturing sites in Europe and North America, and underpins our commitment to meet our customers’ needs wherever they operate around the world."
The new facility will produce polyester powder resins marketed under the REAFREE trade name. The principal use for polyester powder coatings includes a wide range of industrial coatings along with automotive and architectural applications. This investment supports Arkema’s ambition to expanding its geographical coverage of its environmentally friendly, low-VOC (Volatile Organic Compound) coating resins portfolio, including powder resins, waterborne resins, UV photocure and high solid solutions, as well as high performance coating additive.
Arkema’s manufacturing site in Navi Mumbai also produces alkyd, acrylic solutions and oil-free polyester resins, as well as reactive polyamide resins. The investment in upgrading the capabilities of its Indian production facility is part of the ongoing commitment of the Group to remain a leading and global supplier to the coating industry while at the same time providing customers with all of the benefits of cutting edge technology, locally manufactured with strong technical support.
As MRC informed earlier, in 2015, Arkema inaugurated the thiochemicals plant in Kerteh, Malaysia. This world-scale thiochemicals platform produces methyl mercaptan, a synthesis intermediate for animal feed, as well as dimethyl disulfide (DMDS). The facility strengthens ArkemaпїЅs position as the world leader in high added value sulfur derivatives, and is fully consistent with the GroupпїЅs growth strategy in Asia.
Arkema with annual revenue of EUR6.7 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Arkema operates 11 organic peroxide plants on the three continents.