ICP Industrial Solutions Group expands global manufacturing footprint in India

#ICP #Bhiwadi #RIICOIndustrialArea #ISG

Source: ICP

It is anticipated that the new manufacturing plant will be producing high-performance packaging coatings by March 2022.

November 2021: ICP Industrial Solutions Group (ISG) has announced the start of its manufacturing expansion in Bhiwadi, India, a continuation of ICP’s global strategic growth plan. An agreement was signed in October for the manufacturing site in the RIICO Industrial Area.

Ideally located in the city of Bhiwadi, Rajasthan, ICP has begun site preparation for the manufacturing and distribution of locally made ICP products. It is anticipated that the new manufacturing plant will be producing high-performance packaging coatings by March 2022.

In 2018, ICP launched its global growth plan with the employment of a local experienced team. The objective of this new team, supported by ICP’s global resources, was to better serve the emerging packaging market in India. In 2019, an Indian entity was established along with strategic partnerships with select customers and distributors in New Delhi and Mumbai. This further facilitated local supply of product to the expanding business. The continued growth and demand for ICP’s high-quality, innovative, high-performance coatings, which includes an increase in specialty product applications within the Indian market, strengthened the decision to manufacture ICP coatings locally in India.

“Building a manufacturing facility in India is part of ICP’s strategic global growth plan to better serve our customers with innovative solutions worldwide,” said Paul Grzebielucha, division president of ICP.