Pidilite Industries Limited today announced plans to set up a new adhesives and waterproofing manufacturing facility in Punjab, marking a major expansion of its North India operations.
The suggested 3 billion INR investment indicates long-term attention of the company towards the enhancement of domestic production and satisfaction of increasing demand as a result of infrastructure and construction works.
The new plant will be strategically placed to enhance efficiency in the supply chain and quicker deliveries to the markets in Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir and other related markets. It will also produce products based on the core adhesives and waterproofing portfolios offered by Pidilite, which are used by retail and institutional purchasers of housing, infrastructure, and industrial markets.
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The facility will be technologically oriented, and its design is to be a modern unit with the latest manufacturing systems and quality checks. Sustainability will take center stage in its operations, and strategies to maximize the use of energy and water, minimize waste, and streamline processes with the overall ESG interests of Pidilite or its position on high levels of safety will be upheld.
In addition to production of strength, the project will provide significant jobs. Direct employment will include production, engineering, quality, logistics and administration whereas the indirect jobs will be generated with local suppliers, transportation companies and services. The development of skills and training will also be implemented to develop local competences and promote long-term community participation.
The Punjab plant will also enhance pan-India production network of Pidilite Industries, as it will be able to deal with fluctuations in demand and enhances level of service and reduce the logistics expenses. This action helps in the developmental plans of the company including tapping deeper into markets, expanded product lines, and continuing dominance in the construction chemicals and adhesives market in India.
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