Akzo Nobel plans new plant in India

Akzo Nobel plans to set up a new manufacturing plant (50-100 mn litres p.a) in India at an investment of up to Rs 250 crore as part of a strategy to become a €1 billion entity in the country by 2015.The Indian arm of the Amsterdam-based company is scouting for locations in Madhya Pradesh and Karnataka to set up the plant, which it expects to be ready by 2012-13.

The company currently has an installed capacity of 80 million litres per annum of decorative and auto paints at different locations including Hyderabad, Mohali and Thane. It is at present quadrupling the capacity of its Hyderabad plant to 40 million litres per annum. The additional capacity is slated to be available by September this year.