Specialty chemicals major AkzoNobel plans to upgrade Mahad facility
Date: 2018-05-25   Author: Paroma Bhattacharya  Category: #industry

Specialty chemicals major AkzoNobel plans to upgrade Mahad facility

AkzoNobel, one of the most prominent contenders of the bulk & specialty chemicals industry, has scarcely announced an investment of £4 million (Rs 32 crore). As per authentic sources, AkzoNobel plans to pour in this capital for the expansion and upgradation of its organic peroxide facility in Mahad, Maharashtra in order to meet the demands of an expanding customer base in India and the Middle East.

The investment is expected to increase capacity by 80%, providing a platform to meet the growing demand. AkzoNobel declared that it expects the expansion to be completed by the end of 2018. Johan Landfors, Executive committee member responsible for polymer chemicals at AkzoNobel, reportedly said that the expansion is the latest development in a series of organic peroxide investments as an effort to better serve the customers of AkzoNobel Specialty Chemicals.

Landfors added that the expansion will allow AkzoNobel to build a strong presence in the specialty chemicals market segment especially in organic peroxide market verticals like PVC, thermoset resins and acrylics. Incidentally, organic peroxides find applications in the manufacturing of a wide range of products that are chiefly acrylic based – wind turbines, athletic shoe soles and PVC pipelines used in the construction industry.

The CEO of AkzoNobel Specialty Chemicals, Werner Fuhrmann, commented on the latest project, stating that it demonstrates the commitment that AkzoNobel has towards the Indian market and supports the effort that the country is putting in reinforcing its manufacturing base. AkzoNobel is also investing in a joint agreement with Atul in Gujarat in a monochloroacetic acid project. According to reliable sources, the project would commence in 2019.

Over the last 3 years, AkzoNobel has invested more than £100 million in the polymer industry to better serve its customers.

In addition to the expansion in Mahad, a waste water treatment facility will also be installed in order to make the process more environmentally sustainable.



About Author


Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from...

Read More

More from Paroma


Post Recommendents

Extracorporeal Membrane Oxygenation Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2024
Author: Rahul Sankrityayan

Increase in prevalence of cardiopulmonary diseases and respiratory failure in Asia Pacific region influenced by several diverse socio-economic and environmental factors will augment the growth of extracorporeal membrane oxygenation market. Respira...


Platelet and Plasma Market Analysis with Key Players, Applications, Trends and Forecasts to 2024
Author: Rahul Sankrityayan

North America Platelet and Plasma Market accounted for the highest revenue of over USD 2.1 billion in 2017 and is projected to grow at a significant rate during ...


Self-Monitoring Blood Glucose Devices Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2024
Author: Rahul Sankrityayan

North America market dominated the market with 39.1% revenue share in 2017 and is estimated to show robust growth over the analysis period. Growing prevalence of diabetes in the region is the key driver that will boost the self-monitoring blood gl...