Dow Building Solutions, a foaming and insulation technology division of US-based Dow Chemical International, the world’s second largest chemical manufacturer, is contemplating investing $20 million (approximately Rs 98 crore) for setting up a manufacturing plant in India. “Potential for extruded polystyrene (insulation material) in India is very high.
We are currently studying the Indian market and will be setting up a manufacturing facility with a capacity of 300,000 cubic metre per year in India in the next two years,” Zafer Ansari, vice-president (marketing and sales – India), Dow Building Solutions, told Business Standard.