Fosroc, an international construction chemicals company, said on Friday that it has set up a new plant in West Bengal.
The plant, its fourth in the country, cost ₹6 crore ($1 million).
The plant is located at Uluberia, in Howrah district.
“The plant, constructed on a 1.3-acre privately owned land on lease, will initially produce cement and concrete reinforcing liquid chemicals (20,000 tonnes a year). Within a year, we would add up powder chemicals manufacturing with another ₹6-crore investment,” said R Sai Krishnan, Vice-President, Fosroc Chemicals (India).
The ₹325-crore Fosroc Indian arm wants to scale up its turnover to ₹400 crore this calendar year.
Cement, concrete chemicals and grouting chemicals are the sales drivers in the country.
It also manufactures anti-corrosion chemicals for construction steel products.
In India, it has a 15 per cent market share in construction and industrial chemicals. Some 70 per cent of its turnover comes from projects solutions (B2B) and the rest from retail.