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01 Feb 2008  -  India

Reichhold invests for growth in India

Reichhold has announced on January 29 its intention to invest in a Greenfield facility in India. The company has started construction at a site located at Ranjangoan, in Pune District of Maharashtra state. The new facility is scheduled for completion in September 2008.

"The composites market in India is continuously growing and we have received many customer requests for Reichhold technology and service from fabricators in this region," said Reichhold CFO Roger Willis, who also serves as Managing Director, Reichhold India Private Limited. "We are committed to serving this expanding market by providing our customers with quality products at cost-effective prices and sharing our technical expertise in polyester resins for a comprehensive range of applications."

"Our entry into India with local manufacturing is another step in implementing our strategy of bringing Reichhold products and technology to our customers on a global basis" said Doug Frye, Executive VP, Global Composites. "We have long served India by importing from other regions but we now see the demand from global customers who are expanding to India as well as local fabricators reaching the point where this investment is a logical step forward", continued Frey.

About Reichhold
Founded in 1997, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is the worlds largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.
Reichhold's composites product offering includes resins, gel coats, structural adhesives, and flame retardant resins for a variety of markets, including general purpose, industrial, building and construction, marine, wind energy, electrical and transportation. In addition to one of the broadest product offerings of any materials supplier in the composites industry, Reichhold also offers comprehensive research and development, technical and market development services.

Source : Reichhold