Page 140 - CW E-Magazine (19-3-2024)

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INDUSTRIAL COATINGS
Ideal Chemi Plast opens new facility for coating resins

in Ahmednagar

Tokyo (Japan)-based DIC Corpora-
tion has announced that its subsidiary
in India, Ideal Chemi Plast Pvt. Ltd.,
has opened and commenced operations
at a new production facility for coating
resins for automotive and infrastruc-
ture applications at the Supa Japanese
Industrial Zone, Ahmednagar District,
Maharashtra on February 15, 2024.

The new facility has tripled the
company’s production capacity for
coating resins, positioning it to expand
this business in India and across South
Asia, as well as in the Middle East.
nally to produce clean water suitable blished the DIC South Asia Pvt. Ltd.
The DIC Group is promoting a for industrial use. In a bid to reduce its Application Lab, a dedicated labora-
strategy aimed at establishing itself as carbon footprint, the facility has also tory for evaluating coating resins for
a dominant player in the global indus- opted to use clean natural gas and energy- automotive coatings and infrastructure
trial polymers market. A core focus effi cient equipment, and has adopted applications.
of this strategy is to grow the Group’s environment-friendly, safe operating
coating resins business worldwide. The practices. The application lab will enable the
Indian coating resins market, a key Group to “respond swiftly to the needs
target of this effort, is projected to con- The principal products that of local customers and to propose
tinue seeing annual growth of approxi- will be manufactured at the facility comprehensive solutions that include
mately 9%. The Indian Government is will include acrylic, polyester and not only recommending and supplying
promoting ‘Make in India,’ an initiative alkyd resins, which fi nd applications resins, but also providing compounding
to build up the country’s manufacturing in automotive refi nish coatings, coil formulations and processed samples”.
sector, one feature of which is the pro- coatings, among others.
vision of incentives to foreign compa- The application lab, run as an open
nies that manufacture in India. Resins application lab laboratory, will be jointly managed by
DIC Corporation also announced DIC South Asia, which has provided
The new facility has installed a that Ideal Chemi Plast along with equipment, and Ideal Chemi Plast,
Zero Liquid Discharge (ZLD) system, another Indian subsidiary – DIC South which administers the part of the indus-
enabling it to treat all wastewater inter- Asia Pvt. Ltd. – have together esta- trial area in which the facility is located.

140 Chemical Weekly March 19, 2024

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