DIC Corporation announced that its subsidiary Ideal Chemi Plast Pvt. Ltd. opened and commenced operations at a new production facility for coating resins for automotive and infrastructure applications in Maharashtra’s Supa Japanese Industrial Zone on February 15, 2024.

The new facility has tripled Ideal Chemi Plast’s production capacity for coating resins acrylic resins, polyester resins, alkyd resins, others), positioning it to expand this business in India and across South Asia, as well as in the Middle East.

The DIC Group focusses to grow its coating resins business worldwide. The Indian coating resins market, a key target of this effort, is projected to continue seeing annual growth of approximately 9%.

By tripling Ideal Chemi Plast’s production capacity for coating resins, this new production facility has boosted the company’s ability to further expand its business by responding to rising domestic demand and offering localized solutions that meet the needs of coating resins customers.

To ensure it operates in a manner that does not harm the environment, this new facility has installed a Zero Liquid Discharge (ZLD) system, enabling it to treat all wastewater internally to produce clean water suitable for industrial use. In a bid to reduce its carbon footprint, the facility has also opted to use clean natural gas and energy-efficient equipment, and has adopted environment-friendly, safe operating practices.

In its DIC Vision 2030 long-term management plan, the company set forth a regional strategy of building in growth by expanding its production bases in South Asia. In line with this strategy, the Group will also leverage marketing efforts by subsidiary DIC South Asia Private Limited—which oversees this business in the western part of the region—to bolster the role of Ideal Chemi Plast’s new production facility as a base for supplying coating resins not only in India but also across South Asia, as well as for exporting these products to the Middle East and Africa.