AkzoNobel inaugurates new plant in Gwalior
Oct 28 2013 , New Delhi
"AkzoNobel has strengthened its manufacturing footprint in India by opening a new Rs 140 crore, decorative paints plant in Gwalior, which will have an annual capacity of 55 million litres," the company said in a statement.
The new plant is AkzoNobel's sixth factory in India.
Commenting on the new plant, AkzoNobel CEO Ton Buchner said: "India plays an extremely important role in our growth strategy and the new Gwalior site underlines our commitment to creating a leading coatings powerhouse in India."
AkzoNobel India Managing Director Amit Jain said new plant will help the company expand its distribution network.
"The Gwalior plant will provide cost effective access to key markets in the northern and central areas of India. This will greatly reinforce our strategy of expanding Dulux distribution, as well as improving customer service in these high growth regions," he said.
The new site will also help speed up transportation and reduce the cost of logistics, the company said.
Provision has also been made to accommodate key suppliers, allowing for a smoother manufacturing process, it added.