Asian Paints has approved the setting up of a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in India for a proposed investment of approximately Rs 2,100 crore over a period of three years.
The setting up of facility for manufacture of VAM would be based on licensed technology tie up with Kellogg Brown & Root LLC (KBR), USA.
The installed capacity of the said manufacturing facility would be 100,000 tons per annum for VAM and 150,000 tons per annum for VAE.
Manufacturing VAM and VAE in India would provide substantial sustainable cost efficiencies, substituting company’s dependence on imports and would be used for the its internal consumption. This would be a key backward integration project for the company.
VAE is considered to be the emulsion of the future, and the key constituent for manufacturing environment
friendly paints. It offers better paint properties and can significantly improve paint performance in customer facing
attributes.