| Mumbai, India, and Philadelphia, USA --
Rohm and Haas Company (NYSE: ROH) celebrated the inauguration of its second, state-of-the-art
acrylic emulsions facility in India to meet growing demand for its environmentally
advanced products and technology in this important region. The
Chennai facility, located in the Sriperambudur industrial area of Tamil Nadu in
South India, is opening with the capacity to make 30,000 to 40,000 metric tons
a year of specialty materials used in the manufacture of paints and coatings,
adhesives, textiles, paper and leather. The plant, which cost US $12 million to
build, is a "zero discharge" facility that meets very stringent environmental
standards set by the state of Tamil Nadu. The Chennai facility will also operate
under the company's "21st Century" program which strives for reliable, cost-effective
manufacturing facilities and a competent, motivated workforce continually focused
on improvement. The largest and fastest-growing supplier
of environmentally advanced acrylic emulsions The company
also is doubling the capacity of its 35,000 metric ton facility in Taloja, which
is located near Mumbai in the state of Maharashtra. The combined capacity of Taloja
and Chennai (100, 000 to 110,000 metric tons per year) makes Rohm and Haas India's
largest and fastest-growing producer of environmentally advanced emulsions and
additives for paints and coatings and other waterbased polymer industries . The
company also has the leading position for solventless and water-based adhesives
used by India's packaging & converting industry. "Put quite simply, our goal
is to be the best specialty materials supplier in India," says Harish Badami,
President and Managing Director for Rohm and Haas India. "India
is a critical component of our company's overall growth strategy," said Rohm and
Haas Chairman and CEO Raj L. Gupta, who is visiting customers, government officials
and employees throughout India as part of the celebration of the new plant. "In
fact, we believe more than 80 percent of our sales growth between now and 2010
will take place in the fastest-growing markets of the world - India, China, Southeast
Asia, Central and Eastern Europe. " Rohm and Haas has been
an increasingly important participant in the Indian market since 1995, when the
company opened its first sales offices in Delhi and Mumbai. The company expects
to report US $100 million in sales revenue for India in 2007, and targets to more
than double sales to $250 million here over the next five years. Best-in-class
design and operating practices for a growing infrastructure Mark
Douglas, Vice President of Rohm and Haas and Director of the Asia-Pacific Region,
says the company is building a lasting infrastructure to support this growth,
including plans for a process engineering and technical center in addition to
the two manufacturing facilities. "For example, Chennai and Taloja are not our
largest facilities," he says, "but they have been built to incorporate the leading-edge
environmental, management and operating practices that the company has developed
elsewhere within its global manufacturing network, and at the same time can manufacture
products customized for local markets. In India today, we have the capability
to serve both large and smaller customers who can expect reliable, quality products
to be delivered to their door time after time." A healthy
outlook for Rohm and Haas in India Pierre Brondeau,
Executive Vice President of the company, says the growth and development of the
Indian market is a good fit for the growth of Rohm and Haas. "We are recording
sales growth in excess of 30 percent per year for our products, within a market
that is seeing 9 percent GDP growth overall," he says. "The underlying factors
that support this growth - a strong housing and construction market, increasing
consumerism and a retail boom and an increasing demand for products that are safer
and better for the environment than existing technology - are expected to remain
strong. This should enable us to continue to record sales growth of twice that
growth of GDP in India - or greater - for several years to come." Brondeau
also noted that the company is seeing good growth prospects for products that
are imported into the Indian market as well, particularly ion exchange resins,
biocides, and SMARTFRESH™ products which help extend the freshness of fruits
and vegetables. Quick Facts about the Chennai Facility: -
Initial capacity of 30,000 to 40,000 metric tons of materials used in paints and
coatings and other emulsion polymer applications like adhesives, textile chemicals,
paper and leather;
- "Zero discharge" facility, in full compliance with
stringent local guidelines as well as Rohm and Haas's global standards;
- Strategically
situated to serve customer needs in fast growing southern Indian markets;
- First
new Rohm and Haas plant to come on-stream with ‘21st Century Manufacturing'
and other best practices in place;
- Located on a 16-acre site at the Sriperumbudur
industrial area near Chennai, on the Bangalore highway, and 85 km. from the international
seaport at Chennai.
About Rohm and Haas Company Leading
the way since 1909, Rohm and Haas is a global pioneer in the creation and development
of innovative technologies and solutions for the specialty materials industry.
The company's technologies are found in a wide range of industries including:
Building and Construction, Electronics and Electronic Devices, Household Goods
and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical,
Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas
technologies and solutions help to improve life everyday, around the world. Based
in Philadelphia, PA, the company generated annual sales of approximately $8.2
billion in 2006. Source:
Rohm and Haas |