Vancouver-based XYPEX Chemical Corporation which specializes in crystalline concrete waterproofing announces that it has strengthened its presence in the Asian market with the launch of its first production plant with approximately 25 crores investment in India (Greater Noida, Uttar Pradesh).
The 40,000 sq.-ft facility will house chemical manufacturing, and distribution capabilities to serve upstream, midstream, downstream, and adjacent industries in the region. The production facility has 30,000 sq.-ft additional space for storage.
“The opening of the Greater Noida production plant significantly expands the ability to serve the construction sector. Also, XYPEX India has a longstanding commitment to localization in the region. By investing in this plant, we are enabling job creation, enhancing supply chain practices, and streamlining our operations,” said Ashwini Rai, MD, Apaar Infratech & In-Charge, Xypex India Operations.
“Furthermore, the company has achieved a strong market presence in recent years participating in infrastructure projects in the transport and hydroelectric sectors as well as commercial and residential buildings,” he added.
“For over 50 years, XYPEX has been a global leader in concrete waterproofing and protection technology. Our crystalline products have been utilized in high-profile projects worldwide, including iconic landmarks and modern facilities, with a reputation for reliability, quality, and trust,” said Christopher Miller, Chief Executive Officer, XYPEX Chemical Corporation.
We have partnered with our exclusive distributor in India, Apaar Infratech, to establish strong business relationships in private construction markets and government projects. Due to the growth of our business in the region, we decided to build our first production plant in India, importing the proprietary chemicals from our manufacturing base and headquarters in Richmond, BC,” he added.
The new production facility will further strengthen Xypex’s presence in the Indian market. The XYPEX Noida plant is forecast to have more than 100 full-time employees by 2024. This hiring process will continue until the factory reaches full production capacity. The manufacturing plant will also create 500 indirect jobs.
The company manufactures a range of waterproofing and protection products used in the construction and restoration of water and sewage infrastructure, foundations, tunnels, manholes, and marine structures.
Most recently, the company played a significant role in the waterproofing of the Delhi Metro expansion. At Xypex, we are dedicated to developing and providing innovative solutions that permanently waterproof concrete structures and contribute to their extended service life.