Rohm and Haas Company have announced they are to invest approximately US$20 million to build a manufacturing facility in Mumbai that will manufacture both emulsion polymers and adhesives.
This multi-purpose plant will be situated in Taloja, and will supply the domestic market and serve export needs elsewhere in the Asia-Pacific region. The state-of-the-art plant will be built to the company’s global safety standards and will be commissioned early next year.
Rohm and Haas have operated a wholly owned subsidiary in India for more than five years, and have enjoyed increasing sales in the area. ‘Choosing to build a plant here in India is the natural next step to our success’, said Harish Badami, country manager for Rohm and Haas India.
Speaking at the ground breaking ceremony in mid-March, J Michael Fitzpatrick, president and chief operating officer of Rohm and Haas, said: ‘We are quite pleased to be able to expand our presence here. India presents a growing market for our coatings and adhesives and sealants businesses, and is a key location for further growth throughout the Asia-Pacific region.’
Tom Grehl, Asia-Pacific regional director for Rohm and Haas, also attended the ceremony. He noted that the company were making this strategic investment in the midst of a worldwide economic slowdown. ‘Our decision to invest is clear evidence of our commitment and confidence in the Indian market’, he said.
