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  • 18 May 2022

Ideal Chemi Plast India to set up new production unit

DIC Corporation’s wholly owned subsidiary Ideal Chemi Plast commenced construction of a new coating resins production facility in Maharashtra, India

DIC Corporation’s wholly owned subsidiary Ideal Chemi Plast, based in Maharashtra, India, has commenced construction of a new coating resins production facility in the state’s Supa industrial area. The new greenfield project will increase Ideal Chemi Plast’s production capacity for these resins, enabling it to keep pace with rising demand in India.

DIC has formulated a strategy for expanding the group’s presence in coating resins markets across Asia. The Indian market, a key target of this strategy, is projected to see annual growth in excess of 9 percent. To capture local demand, in April 2019 DIC acquired Ideal Chemi Plast, having determined that fusing its ability to develop coating resins with the Indian company’s extensive sales channels, customer base, grasp of user needs, and supply chain would swiftly elevate its market position in India.  
 
With its existing coating resins production facility operating at full capacity ever since the acquisition, underpinned healthy demand, Ideal Chemi Plast recognized the need to swiftly augment capacity and purchased a site for a new facility in March 2021. Construction began in April 2022.   
 
The new facility, which is expected to begin operating in July 2023, will triple Ideal Chemi Plast’s production capacity. Reactors will also allow local production of new environment-friendly products and products for the global market developed at DIC’s Polymer Technical Center Asia Pacific in Thailand.   
 
The 48,500sqm facility will install a zero liquid discharge system to treat all wastewater internally. This new facility also focuses on carbon footprint reduction by selecting natural gas as fuel, energy efficient machineries with good engineering practice and better safety standards.  
 
Looking ahead, the DIC Group will continue working to strengthen its presence in the Indian coating resins market by further boosting both its production capacity and the range of products it offers.  
 
In line with the regional strategy set forth in its DIC Vision 2030 long-term management plan, which calls for building in growth by expanding its production bases in South Asia, the group will also step up marketing efforts by subsidiary DIC South Asia, which oversees sales of DIC products in the western part of the region, and work to bolster South Asia’s role as a base for exporting coating resins to the Middle East and Africa. 

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