From left to right: President and CEO of Perstorp: Jan Secher – Chief minister of Maharashtra: Devendra Phadnavis - Minister of Industries Maharashtra: Subhash Desai - CEO of MIDC: Bushan Gagrani. Photo: Perstorp

Perstorp, a world leader in specialty chemicals has been participating in the event "Make in India". By signing an MoU with MIDC (Maharashtra Industrial Development Corporation), the company initiates the process of evaluating the opportunity to invest in a new world scale production plant for Penta in India.

The related market for coatings is growing fast in the country. Building a world scale production plant would be yet another important part of the ambitious plan to strengthen the position in the Asian Market. In July 2015, Perstorp acquired the Penta business from Koei Chemical Company Ltd., a Japanese chemicals producer.

"The Penta business is a corner stone for Perstorp and an integral part of the strategy to drive growth in the Asia Pacific region. It requires presence and determination in order to succeed. An investment in India would further build upon and strengthen our number one position in the global market. Today's signing of an MoU demonstrates our intention to take the desired steps in the region." Perstorp's President and CEO Jan Secher says.

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