Reichhold Invests for Growth in India
Research Triangle Park, NC (January 28, 2008) - Reichhold, the world's largest supplier of unsaturated polyester resins, has announced 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. Reichhold brings a wealth of experience, technical support and high business standards to the region.
"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 Frey, 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.
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.
Reichhold's new manufacturing facility is located at F-38 MIDC Industrial Area, Ranjangaon, Shirur, Dist - Pune, Maharashtra.
For more information on Reichhold's composites product offering or entry into the India market, contact Reichhold Corporate and Marketing Communications Specialist Ms. Cris Masselle at US Headquarters at (919) 990-7504 or via e-mail at email@example.com.
Reichhold will be exhibiting at ICERP from February 7-9, 2008 in Mumbai, India. Please visit Reichhold at the show at stand # 2.
Founded in 1927, Reichhold, Inc. is celebrating 80 years in business in 2007. With its world headquarters and technology center in Research Triangle Park, North Carolina, USA, Reichhold is the world's 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.
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For more information, contact:
Ms. Cris Masselle, Reichhold