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Rohm and Haas to Build Manufacturing Plant in India

Published on 2002-03-18. Author : SpecialChem

Ground Breaking Takes Place in Mumbai

Rohm and Haas Company said today it is investing approximately US $20 million to build a manufacturing facility in Mumbai that will manufacture both emulsion polymers and adhesives.

This multipurpose 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 has operated a wholly owned subsidiary in India for more than five years, and has 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 groundbreaking ceremony today, 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 was 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 India market."

Rohm and Haas Company is a global supplier of specialty materials, with annual sales of US $5.7 billion. The company has had a presence in the Asia-Pacific region for more than 70 years, and in 2001 was responsible for 12 percent of company sales. The Coatings and Adhesives and Sealants businesses are among the company's largest and fastest growing operations in the world and together reported sales in 2001 of US $2.1 billion. Coatings makes intermediate products and additives that are used in latex plaints, textile and paper finishes. The Adhesives and Sealants business makes products that are used in flexible packaging, building materials, and tape and label applications. Rohm and Haas worldwide employs more than 17,000 people and operates more than 100 research and manufacturing sites in 25 countries. The company's headquarters are located in Philadelphia, PA USA. Raj L. Gupta is Chairman and CEO.

Source: Rohm and Haas


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