Akzo Nobel has commenced the commercial production of the powder coating products from its plant at Gwalior, Madhya Pradesh, India on 5th September 2024 with an installed production capacity of 5166 T per annum (original installed production capacity) which can be expanded.
This commercial production is aimed at supporting capacity expansion considering the service level need of the powder coating market demand of the Company mainly in North and Eastern India. An amount of Rs. 105 crores (approx.) is the investment of the company towards the aforesaid, and the same has been funded through internal accruals.