Visen Industries Ltd, the largest Indian manufacturer of polymer emulsions for paints and coatings, textiles and adhesives, will start commercial manufacturing of its wide product range from Hamriyah Free Zone.
Claimed to be the single largest polymer emulsion plant in the region, with a capacity of 120,000 metric tons per annum. The new Dh187 million ($51 million) was inaugurated by Sheikh Khaled Bin Abdullah Bin Sultan Al Qasimi, Chairman of Department of Seaports & Customs, Hamriyah Free Zone Authority and Sharjah Airport International Free Zone. While the combined production capacity of four Indian plants in Gujarath, Jammu and Kashmir, Maharashtra and Chennai is equal to 120,000 metric tons per annum, the new plant in HMZ will produce an equal quantity.
“Our plant in HFZA is our first one in the Middle East and we seek to meet the increasing demand of this growing market by taking advantage of the facilities provided by HFZA”, Vijay S. Nair, managing director of Visen Polymers FZE, said after the inauguration of the new plant.
“Visen Polymers FZE at HFZ has a capacity of 120,000 metric tons per annum and is the single largest polymer emulsion plant in the region,” he added. “We used to supply our products to the UAE and Middle East customers and now days companies have delay in getting clearance. There is also an issue to dispense the plastic drums that are used to export. By setting up a plant here, we can supply our regular customers in tankers. The market for paint and related products has always been vibrant in the region,” said Vijayan Nair,
The $51 million (Dh187 million) plant has a total land area of about 78,000 sq. meters. This state-of-the-art plant has DCS controlled systems with the latest manufacturing techniques to produce world-class quality products consistently. And, for developing new grades and improving the performance of existing grades the unit is equipped with an up-to-date R&D center where synthesis, instrument analysis and application parameters are checked.
“The plant also has a well-defined ETP facility to take care of environmental aspects and the effluents generated are treated and used in the process. In addition, it also has direct pipeline connection to the port and adequate storage tanks to store monomer and finished products within the plant,” explained Vijay S. Nair. Visen FZE plant will supply to paint majors in the region like Jotun Paints, Hempel, Berger, Al Gurg, Akzo Nobel and Crown Paints.
“Visen’s HFZA facility has adequate land available for expanding our capacity to 300,000 metric tons per annum which we plan to accomplish in the next three years,” added Vijay S. Nair.
“We are proud to welcome one of the market leaders in India into our family and we wish them all the success in the future”, said Saud Salim Al Mazrouei, director of HFZA and Saif Zone.
Visen Polymers FZE is a wholly owned subsidiary of Visen Industries Ltd, (VIL), Mumbai, India and was founded by Mr. Vijay S. Nair, a first generation entrepreneur in 1985. Visen had a modest beginning with an annual production of 500 MT polymer emulsions and now has four full-fledged manufacturing units with a total production capacity of 120,000 metric tons. Visen is the market leader in India with regular customers like Asian Paints, Berger Paints, Kansai Nerolac and Jotun Paints. Vijay S. Nair said that Visen is also setting up a plant at Chennai, South India with a capacity of 60,000 tons per annum.
The product range for this plant includes Vinyl acetate homo polymers, copolymers and ter polymers, styrene acrylates and pure acrylates, having application, in exterior and interior paints, waterproofing and coatings in the construction industry, in textiles for finishing, printing, flocking& coatings and in adhesives for BOPP tapes, stickers, wet laminations and other packaging applications. Mohammed Meer Al Sarrah, Director of Sea Ports and Customs, Yaqub Abdullah, Director, Marketing and Head of Administration of Sea Ports and Customs also attended the ceremony. “With the decline in oil price, the raw material prices are also to go down. Even though there is a a pressure on price companies have already got the stock purchased at higher price. Paint prices are likely to come down in the next quarter, he added.