Henkel Adhesive Technologies India Pvt. Ltd., a fully-owned subsidiary of Henkel AG & Company of Germany, is planning to set up an adhesives plant at Kurkumbh near Pune with an invest of 30 million Euro (Rs.216 core).
Henkel Adhesives is a leading provider for adhesives, sealants and functional coatings in India.
The plant is expected to start production by early 2017. It will cater to end-user segments such as automotive, metal and industrial sectors.
To be built in phases, the plant in the first phase will have an operational area of about 20,000 sq. meters and an annual capacity of about 80,000 tonnes of adhesives and surface treatments. The investment in this facility will further support Henkel’s global strategy to increase sales and business growth in emerging markets, the company said. “The Kurkumbh plant is a very important milestone of Henkel’s journey in India. This plant will enable us to localise our product portfolio and reduce imports while bringing the best global technology to India,” said Jeremy Hunter, President, Henkel Group India.
“Considering the proximity of the plant to our customers, it will also help us to work closely with them in developing solutions. We are aiming to win a greater market share in India, which is one of the biggest emerging markets for us,” he added.
