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IDEX Corporation to set up new plant in Gujarat

Friday, 17 Dec 2021
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IDEX Corporation has drawn up plans to invest Rs 500 crore in the next three to five years in its Indian operations. 
 
As a part of this plan, the company is setting up a new factory at Sanand, Gujarat, for which it has already acquired 17 acre of land parcel. 
 
The company has achieved a major milestone with its Vadodara plant manufacturing and shipping 1,00,000 units of paint dispensers during COVID-19 pandemic to meet the growing demand in the Asian and other global markets. 
 
The company’s paint dispensers business is handled by Fast & Fluid Management Asia. 
 
The new state-of-the-art unit which will come up in Sanand will produce highly acclaimed X-Series paint dispensers -- Blendorama Series III, X-SMART, X-SMART XL, X-PROTINT, iNSPiRE, entry level shakers and mixers such as GX300 mixer, SK300 shaker in addition to POS tinting software PrismaPro2 and mobile tinting application PrismaRT. 
 
The company has also expanded its product portfolio to cater to the growing demand. The paint companies in the country are expanding their footprints into Tier-3 and Tier-4 cities which will further increase the demand for paint tinting equipment. 
 
The company also exports its products to Asia, North America, Europe, Middle East, Africa and Latin America.
 
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