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Rohm and Hass invests $20 mn in Indian unit

Published on 2003-08-29. Author : SpecialChem

 

Rohm and Haas, the specialty chemicals company based in USA has invested $20 million in its first unit in India. This unit at Taloja near Mumbai is to produce 25,000 to 35,000 tonnes of adhesives and coatings polymers to serve the Indian market as well as the Asia Pacific, Middle Eastern and South African markets.

The NYSE-listed company has sales of approximately $5.7 billion and more than 17,000 employees. It operates more than 100 research and manufacturing locations in 25 countries.

"The investment in a state-of-the-art manufacturing and technical service centre in India further demonstrates our commitment to this country and to the Asia Pacific Region," said, Raj Gupta, chairman and CEO, Rohm and Haas Company, USA.

"Differentiation and innovation in technology, adapting our business model to the needs of the local market and sound financial management are the three cornerstones on which Rohm and Haas has built its successes. We are committed to bringing new and innovative products from our global portfolio to the Indian marketplace," he added.

The site will produce polyurethane, polyester and water based adhesive formulations for flexible packaging applications and acrylic emulsions for pressure-sensitive adhesives. The plant will also produce a full range of water-based latex emulsion polymers used in paints and coatings, and for construction, leather, textile and non-woven applications.


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