KBR (NYSE: KBR) announced today that its proprietary Vinyl Acetate Monomer (VAM) technology has been selected by Asian Paints Limited for a grassroots production facility in India.
Under the terms of the contract, KBR will provide technology licensing, basic engineering, proprietary equipment, and catalyst for a 100,000 tons per annum VAM facility. KBR’s VAM technology is offered in alliance with Showa Denko K.K., based in Japan.
“We are excited to support Asian Paints’ vision to produce environmentally friendly paints using our VAM technology,” said Doug Kelly, KBR president, Technology. “In addition to delivering a sustainable solution, this project will drive significant cost efficiencies for Asian Paints by integrating their manufacturing and supply chain and reducing import of raw materials.”
KBR has more than 50 years of experience in delivering technologies, flexible solutions and expertise that petrochemicals operators rely on to produce ethylene, propylene, acetyls, phenolics, vinyls and other specialty products from a variety of feedstocks, safely and efficiently.
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
About Asian Paints
Asian Paints is India’s leading paint and decor company and ranked among the top ten decorative coatings companies in the world with a consolidated turnover of ₹ 29,101.28 crores (₹ 291 billion) with a market capital of approx. ₹ 3100 billion. Asian Paints along with its subsidiaries have operations in 15 countries across the world with 27 paint manufacturing facilities, servicing consumers in over 60+ countries. Asian Paints also offers a wide range of home decor products and is an emerging strong player in the home improvement and decor space in India.