European Coatings Journal - 18.07.2022 | TOP INDUSTRY MOVE

BINDING THE INDIAN MARKET

On the question regarding the opportunities for DIC in India, the CEO commented: "India is a huge market in Asia, the second largest following China. As the population of middle class is increasing, the sales of automobiles and home appliances is growing, leading higher need for high-value-added industrial coating resins in which DIC has strength. Leveraging the broad Indian customer base acquired through Ideal M&A, we are expanding our sales by introducing high-value-added products developed in Japan and Thailand. These products are now mainly produced in and exported from Thailand. By establishing a new plant and producing locally, we will ...
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