22 January 1996 00:00 [Source: ACN]
US speciality chemical producer Avery Dennison has sought permission from the Indian government to float a wholly owned subsidiary to manufacture its products either directly or through joint ventures. The company is looking to invest US$10m in the proposed holding company over five years. The Indian venture will initially market Avery products in India. Its chemicals division produces emulsion-based acrylic polymer adhesives, protective coatings and binders.
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