Perstorp, Sweden -- Speciality chemicals group Perstorp has established a new laboratory in India to meet growing demand in the country, a 2 March company statement said.
In conjunction with an expanding sales team in India, the new application laboratory will be based in Ghatkopur, a suburb of Mumbai. It will house state-of-the-art equipment and R&D experts to explore new formulations and developments in paint, coating and resin applications, Perstorp said.
"We see a rise in demand from coatings formulators especially, who in turn supply the construction, automotive and textile industries," said Lars Erlandsson, managing director, Perstorp Chemicals India. "The market is not only growing in quantity but also in terms of needing more technologically advanced solutions that meet the increasing consumer demands for higher quality and safety in end-products," Erlandsson added.
According to Perstorp, India has seen rapidly rising standards of living in recent years. With a GDP growth of 7-8 percent per year, "the automotive, construction and textile industries continue to boom in the country, demand continues to grow," the Swedish chemicals company said.
Perstorp's product range includes aliphatic polyisocyanates for polyurethane coatings. (RD)"