Akzo Nobel Specialty Chemicals to Expand Facility in Mahad
Mumbai, India: AkzoNobel Specialty Chemicals will be investing 4 million euros (32 crore) to expand capacity and upgrade its organic peroxides facility in Mahad in Maharashtra to meet growing demand from customers in India and the Middle East, the company said in a release today. The expansion of the facility is expected to be completed by the end of 2018. In addition to the capacity expansion, a new waste water management system will also be installed to make the process environmentally sustainable.

Chief Executive Werner Fuhrmann said that the announcement demonstrates the company's commitment to the Indian market and supports the country's efforts to strengthen its manufacturing sector through increased investment from global organisations. The company is also investing in a monochloroacetic acid project in a joint arrangement with Atul in Gujarat, due to start production in 2019.

Dutch multinational Akzo NobelNSE -2.05 persent creates paints and performance coatings and specialty chemicals for industry and consumers. Organic peroxides finds usage in the manufacturing of polymer-based products including athletic shoe soles, wind turbines and PVC pipes used in the construction industry.