DIC acquires Indian resin manufacturer

DIC acquired Idea Chemi Plast, a medium-sized Indian resin producer. As a result, the company intends to expand its position in the Indian market.
ideal Chemi Plast for the production and sale of acrylic, alicylate, polyester and other resins for automotive repair paints, coils and wood coatings

. In order to work with companies familiar with India's promising coating resin market to promote full market access, DIC and Idea Chemi Plast held extensive discussions.
India is part of the DIC's expansion strategy
ideal Chemi Plast's know-how and supply chain in India are seen as rapidly enhancing the DIC's position in the Indian market. The DIC Group's management plan is to promote the globalization of its performance materials business and to develop a regional strategy to expand its production base in South Asia. The Group therefore wished to position India as an important area for accelerating global development.