Indorama Ventures Public Company Limited (IVL) has signed an agreement for a new R&D center and office to be located in Mumbai, India.
The facility will be built-to-suit and will act as the company’s Asia Pacific research hub for product development supporting downstream global markets, such as coatings, home, personal and industrial care and cleaning, agrochemicals, energy, lubricants and mining.
Samir Rawal, IOD regional business director – ISC, China, ASEAN, said, “The state of the technology center and office demonstrates our commitment to fast growing Indian and wider ASEAN markets. It lays a strong foundation for our future growth in years to come.”
Extensive designing and engineering of the office and research center is expected to conclude in September 2021 with full occupation occurring shortly thereafter.
Source: Indorama Ventures