Allnex announces the acquisition of a manufacturing site in India
Allnex has announced the acquisition of the Mahad Manufacturing site and coating resins business from D.R. Coats Ink & Resins (DRC), located in Maharashtra, India.
This strategic acquisition is intended to foster close collaboration with local and regional customers, suppliers and technology partners and help develop a number of attractive business opportunities. For Allnex, the Mahad site will be its first self-owned Manufacturing site in India.
Liquid resins and additives
The production facility is located in a fully integrated chemical park in Mahad MIDC, Maharashtra, India. Initially, Allnex will focus on the production of its range of liquid resins and additives, including alkyds, acrylics, aminos and polyesters. Over time, it is planned to expand production lines to further chemistries.
