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Reichhold Invests For Growth in India

05 February 2008

Reichhold has announced its intention to invest in a Greenfield facility in India, and has started construction at a site located at Ranjangoan, in the Pune District of Maharashtra state.

The new facility is scheduled for completion in September 2008

""The composites market in India is continuously growing and we have received many customer requests for Reichhold technology and service from fabricators in this region,"" said Reichhold CFO Roger Willis, who also serves as Managing Director, Reichhold India Private Limited. ""We are committed to serving this expanding market by providing our customers with quality products at cost-effective prices and sharing our technical expertise in polyester resins for a comprehensive range of applications.""

""Our entry into India with local manufacturing is another step in implementing our strategy of bringing Reichhold products and technology to our customers on a global basis"" said Doug Frey, Executive VP, Global Composites. ""We have long served India by importing from other regions but we now see the demand from global customers who are expanding to India as well as local fabricators reaching the point where this investment is a logical step forward"", continued Frey.






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