Azko Nobel to set up new facility
Netherlands-based global paints and coating major Akzo Nobel is investing Rs90 crore in setting up a new facility.
To be built on an area of 5,000 sq feet, it will have an annual production capacity of 85 lakh litres of coil coatings and specialty plastic coatings. The plant will be operational in 2010 and cater to the steel and aluminium construction market in India and neighbouring countries.
The new plant will come up near the company’s existing 11,000 sq foot facility at Bangalore.
The first phase of the project would be completed in early 2010 and have a capacity of 50 lakh litres per annum, while an additional capacity of 35 lakh litres would be secured once the second phase of the plant is ready by 2011-12.
The company is setting up the new plant to support its growth in coil coatings products in the construction, roofing and appliance sectors.