HB Fuller begins construction on $12m adhesives plant in India

08 November 2010 23:54  [Source: ICIS news]

HOUSTON (ICIS)--HB Fuller broke ground on construction of a $12m (€8.5m) manufacturing facility in India to support growing business in the country, the US-based adhesives firm said on Monday.

The plant will be located near the city of Pune, about 100 km (62 miles) south of Mumbai. It should be operational by August 2011, the company said.

The company described its presence as “small but growing” in India’s adhesives market, estimated between $300m-400m/year.

“India is one of the largest countries in the world, with one of the fastest growing economies,” said Steve Kenny, a senior vice president with HB Fuller.

“As such, it represents a huge market for HB Fuller and our customers,” he added.

($1 = €0.71)

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By: Ben DuBose
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