Allnex announces the acquisition of a manufacturing site in India

Allnex has announced the acquisition of the Mahad Manufacturing site and coating resins business from D.R. Coats Ink & Resins (DRC), located in Maharashtra, India.

The flag of India.
In addition to the office and innovation center in Mumbai Image source: ermaltahiri - Pixabay (symbol image).

This strategic acquisition is intended to foster close collaboration with local and regional customers, suppliers and technology partners and  help develop a number of attractive business opportunities. For Allnex, the Mahad site will be its first self-owned Manufacturing site in India.

Liquid resins and additives

The production facility is located in a fully integrated chemical park in Mahad MIDC, Maharashtra, India. Initially, Allnex will focus on the production of its range of liquid resins and additives, including alkyds, acrylics, aminos and polyesters. Over time, it is planned to expand production lines to further chemistries.

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