Calcutta, Nov. 22: Construction chemical maker Ardex Endura India is looking to set up a unit within the airport city being built by Bengal Aerotropolis Projects Ltd near Andal in Burdwan.
Bangalore-based Ardex Endura is a 50-50 joint venture between the Ardex group of Germany and Prism Cement.
The company plans to manufacture a number of products beginning with powdered adhesives used in floor construction, and has firmed up an investment of Rs 10 crore for the unit. A memorandum of understanding will be signed between Ardex Endura India and Bengal Aerotropolis next week.
"We are looking to set up our first manufacturing unit in the eastern region at Sujaalam Sky City of Bengal Aerotropolis. The plant will come up in phases on three acres and if all goes well, we can start operations by the middle of next year," Gopinath Krishnan, managing director of Ardex Endura India, told The Telegraph.
In the final phase, the plant will be able to manufacture 6,000-8,000 tonnes per annum of construction chemicals.
At present, the firm's four plants have a total capacity of 1.5 lakh tonnes per annum.
"East is a low base market and has good growth potential," Krishnan said.
On why he chose to set up the plant within the airport city, Krishnan said, "We did not want to go through the process of acquiring land on our own. Besides, there are benefits of good infrastructure and logistics support."
Subrata Paul, chief executive officer and director of BAPL, said he was in Singapore and would be able to comment once he came back.
Meanwhile, PandH Joy Mining Equipment India has decided to invest Rs 133 crore in a manufacturing and servicing facility for mining equipment within the airport city.
BAPL has said that it wants to attract investment from sectors such as IT, telecom and solar equipment besides overseas investment.