DSM opens new engineering plastics compounding plant in India
Royal DSM N.V. announces that it has opened a new manufacturing facility for producing engineering plastics compounds in India.
The plant, located at a 25 acre site at MIDC Ranjangaon industrial zone, about 60 kilometers from Pune, triples capacity for the production of Akulon® PA6, Arnite® PBT and PET and Stanyl® PA46 in India. It is also the largest polyamide and polyester compounding facility in the country, according to the company. Materials produced by the facility are used in manufacturing molded components for the automotive, electrical and electronics and consumer goods industries.
An increased presence in emerging economies is one of the key strategic drivers of DSM's Vision 2010 strategy. India, with an average GDP growth of nearly 7% in the past ten years, is an important part of this strategy.
"This investment is an important step forward in increasing our presence in India. It also confirms our long term commitment to the country. We are impressed with the growth of our Indian operations and this facility will help to achieve further profitable growth in the future", said Nico Gerardu, member of the Managing Board of DSM.
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