AkzoNobel India is planning to set up a new manufacturing plant in Madhya Pradesh.
The company has earmarked Rs 200 crore for the proposed facility which will manufacture all its products like decorative paints, performance coatings and specialty chemicals. The company has acquired 55 acre for the plant. Initially, the plant will have a capacity of 50 million litres of paint per annum which will be enhanced to 100 million litres per annum at a later stage. The plant is slated to be operational by 2013.