Henkel to build India’s largest adhesives plant near Pune
Henkel Adhesive Technologies India, a fully owned subsidiary of Henkel, is to invest around 30 million EUR (34 million USD) to create India’s largest adhesives plant in Kurkumbh, near Pune, which is expected to start production by early 2017.
The Kurkumbh plant, which will cater to various end user segments such as automotive, metal and industrial sectors, is being built in a phased manner. The first phase is the multi-technology manufacturing facility which will have an operational area of about 2,15,278 sq ft with an annual capacity of around 80,000 metric tonnes of adhesives and surface treatments.
Henkel said its Kurkumbh plant will be a model for sustainability and efficiency, and will be certified by Indian Green Building Council (IGBC) and follow the highest safety, health and environment standards. This will ensure best-in-class services for its customers, Henkel said, and at the same time ensure quality, and improve productivity and efficiency.
Honourable Chief Minister of Maharashtra, Devendra Fadnavis, and other dignitaries from the Maharashtra government along with Jeremy Hunter, president of Henkel Group India, laid the foundation of the plant during a ground breaking ceremony on June 11 at Kurkumbh.
‘The Kurkumbh plant is a very important milestone of Henkel’s journey in India,’ Hunter said. ‘This plant will enable us to localize our product portfolio and reduce imports while bringing the best global technology to India. Considering the proximity of the plant to our customers, it will also help us to work closely with them in developing solutions.’
The new plant is also part of Henkel’s global strategy to strengthen its presence in emerging markets with focused investments. With this the company will expand its existing category positions and accelerate growth in countries where it already has a strong presence. Henkel aims to continue achieving above-average growth in these markets and to generate net sales of 10 billion EUR (11.2 billion USD) by the end of 2016.
‘We are aiming to win a greater market share in India, which is one of the biggest emerging markets for us,’ concluded Hunter.
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