Rohm And Haas Expands Presence In India
Philadelphia-based Rohm and Haas Co., a developer of specialty and performance materials for use in
a wide range of industries, has increased its presence in India with the opening of a second
acrylic emulsions plant and the doubling of capacity at an existing facility.
The new acrylic emulsions plant is located in the Sriperambudur industrial area of Tamil Nadu in South India, and is capable of producing 30,000 to 40,000 metric tons of specialty materials a year. The materials will be used in textiles, paints, coatings, adhesives, paper and leather. Rohm and Haas invested $12 million to build the facility, which is a zero-discharge operation; thereby complying with very strict environmental standards set by the state of Tamil Nadu.
Rohm and Haas also has doubled the capacity of its operation at Taloja, near Mumbai, from 35,000 to 70,000 metric tons annually. The combined capacities of these operations now make Rohm and Haas the largest and fastest-growing producer of environmentally advanced emulsions and additives for water-based polymer industries in India.
“India is a critical component of our company’s overall growth strategy,” said Raj L. Gupta, chairman and CEO, Rohm and Haas. “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.”
The company, which expects also to build a process engineering and technical center in the region in the future, anticipates $100 million is sales revenue for India this year. It expects that figure to reach $250 million over the next five years.
September 11, 2007
The new acrylic emulsions plant is located in the Sriperambudur industrial area of Tamil Nadu in South India, and is capable of producing 30,000 to 40,000 metric tons of specialty materials a year. The materials will be used in textiles, paints, coatings, adhesives, paper and leather. Rohm and Haas invested $12 million to build the facility, which is a zero-discharge operation; thereby complying with very strict environmental standards set by the state of Tamil Nadu.
Rohm and Haas also has doubled the capacity of its operation at Taloja, near Mumbai, from 35,000 to 70,000 metric tons annually. The combined capacities of these operations now make Rohm and Haas the largest and fastest-growing producer of environmentally advanced emulsions and additives for water-based polymer industries in India.
“India is a critical component of our company’s overall growth strategy,” said Raj L. Gupta, chairman and CEO, Rohm and Haas. “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.”
The company, which expects also to build a process engineering and technical center in the region in the future, anticipates $100 million is sales revenue for India this year. It expects that figure to reach $250 million over the next five years.
September 11, 2007
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