Under the proposed agreement, Ashland would utilise all of NPPL's capacity. Production could start soon.

“NPPL recently built a world-class facility and featured the capacity level we were seeking to meet immediate customer requirements,” says Mike Swartzlander, Vice President and Managing Director of AIPL. “This is an excellent match between high quality resin production and the sales and marketing expertise of Ashland.”

NPPL's manufacturing facility is located near the port of Kandla, in the State of Gujarat. It produces unsaturated polyester and vinyl ester resins, gel-coats and flame retardant resins.

“With India's booming economy, the composites industry's needs are growing rapidly,” adds Bharat Chhabria, Business Development Manager, Ashland Performance Materials. “Our alliance with NPPL allows us to respond to our customers' requirements on short notice and with a wider range of products.”

Ashland India Pvt Ltd is headquartered in Mumbai.