DIC Corporation announced that its wholly owned subsidiary Ideal Chemi Plast, based in the state of Maharashtra, India, has commenced the construction of a new coating resins production facility in the state’s Supa industrial area.
DIC has formulated a strategy for expanding the group’s presence in coating resins markets across Asia. The Indian market, a key target of this strategy, is projected to see annual growth in excess of 9 percent. To capture local demand, in April 2019 DIC acquired Ideal Chemi Plast, having determined that fusing its ability to develop coating resins with the Indian company’s
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