MP Birla group enters construction chemicals business

MP Birla group enters construction chemicals business

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Birla Corporation Limited, the flagship company of the MP Birla Group, has entered the business of wall putty and construction chemicals to supplement its premium Perfect Plus brand of cement. Birla Corporation is one of India’s top cement makers, with an annual production capacity of 15.5 million tons.

Three products – Perfect Plus IWP (integral waterproofing), Perfect Plus SBR (styrene butadiene rubber) Latex and Perfect Plus Wall Putty – have been launched and will be available in Lucknow and its surrounding regions immediately. Over the next few weeks, these will be available in Indore.

Perfect Plus IWP has unique water resistance properties whereas Perfect Plus SBR Latex is a multipurpose polymer-based waterproofing and repair solution.

A wide variety of chemicals and additives is being developed and used in new age constructions, and the market for these is expected to grow, both vertically and horizontally. According some reports, sales of construction chemicals and additives in India are expected to grow at a compounded annual rate of around 15% till 2025.

“The introduction of these products by Birla Corporation will create a significant new revenue stream for the Company and all its trade partners,” Sandip Ranjan Ghose, Executive President, Marketing, IT and Corporate Development, said at the launch. “This will also create opportunities for Birla Corporation to foster new partnerships with retailers of construction materials, such as hardware and paints,” he added.