Rohm an Haas to build manufacturing plant in india

Ground Breaking Takes Place in Mumbai

12-Mar-2002

Taloja, Mumbai, March 11, 2002: Rohm and Haas Company said today it is investing approximately US $20 million to build a manufacturing facility in Mumbai that will manufacture both emulsion polymers and adhesives.

This multipurpose plant will be situated in Taloja, and will supply the domestic market and serve export needs elsewhere in the Asia-Pacific region. The state-of-the-art plant will be built to the company's global safety standards and will be commissioned early next year. Rohm and Haas has operated a wholly owned subsidiary in India for more than five years, and has enjoyed increasing sales in the area. "Choosing to build a plant here in India is the natural next step to our success," said Harish Badami, Country Manager for Rohm and Haas India.

Speaking at the groundbreaking ceremony today, J. Michael Fitzpatrick, President and Chief Operating Officer of Rohm and Haas, said "We are quite pleased to be able to expand our presence here. India presents a growing market for our Coatings and Adhesives and Sealants businesses, and is a key location for further growth throughout the Asia-Pacific region."

Tom Grehl, Asia-Pacific Regional Director for Rohm and Haas, also attended the ceremony. He noted that the company was making this strategic investment in the midst of a worldwide economic slowdown. "Our decision to invest is clear evidence of our commitment and confidence in the India market."

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