Akzo Nobel India has commenced the commercial production of the powder coating products from its plant at Gwalior, Madhya Pradesh, India (Gwalior plant) on September 5, 2024 with an installed production capacity of 5166 T per annum (original installed production capacity) which can be expanded basis future demand. Further, this commercial production is aimed at supporting capacity expansion considering the service level need of the powder coating market demand of the company mainly in North and Eastern India. An amount of around Rs 105 crore is the investment of the company towards the aforesaid, and the same has been funded through internal accruals.
The company is engaged in the business of manufacturing, trading and selling of paints and related products. The Company also provides research and development services to the holding company and its group companies.
