In a regulatory exchange filing, Asian Paints announced that it has entered into technology and other allied agreements with Kellogg Brown & Root LLC (KBR), US for manufacturing Vinyl Acetate Monomer (VAM) in India
The news comes in line with the company's announcement on October 20, 2022. APL announced its capex plan of Rs 2100 crore over three to four years for setting up an installed capacity of 1.5 lakh tonnes per annum for vinyl acetate ethylene emulsion (VAE) and 1 lakh tonnes per annum for VAM. VAE is the key emulsion used for making paints and VAM is the key raw material for VAE. We believe this step will help the company in optimising its raw material cost
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