HOUSTON, Jan. 3, 2023 /PRNewswire/ — KBR (NYSE: KBR) introduced in the present day that its proprietary Vinyl Acetate Monomer (VAM) know-how has been chosen by Asian Paints Restricted for a grassroots manufacturing facility in India.
Beneath the phrases of the contract, KBR will present know-how licensing, primary engineering, proprietary tools, and catalyst for a 100,000 tons every year VAM facility. KBR’s VAM know-how is obtainable in alliance with Showa Denko Okay.Okay., based mostly in Japan.
“We’re excited to assist Asian Paints’ imaginative and prescient to supply environmentally pleasant paints utilizing our VAM know-how,” mentioned Doug Kelly, KBR president, Expertise. “Along with delivering a sustainable resolution, this challenge will drive important price efficiencies for Asian Paints by integrating their manufacturing and provide chain and lowering import of uncooked supplies.”
KBR has greater than 50 years of expertise in delivering applied sciences, versatile options and experience that petrochemicals operators depend on to supply ethylene, propylene, acetyls, phenolics, vinyls and different specialty merchandise from quite a lot of feedstocks, safely and effectively.
We ship science, know-how and engineering options to governments and corporations around the globe. KBR employs roughly 28,000 individuals performing various, complicated and mission crucial roles in 34 nations.
KBR is proud to work with its clients throughout the globe to offer know-how, value-added providers, and long- time period operations and upkeep providers to make sure constant supply with predictable outcomes. At KBR, We Ship.
Go to www.kbr.com
About Asian Paints
Asian Paints is India’s main paint and decor firm and ranked among the many high ten ornamental coatings corporations on the earth with a consolidated turnover of ₹ 29,101.28 crores (₹ 291 billion) with a market capital of approx. ₹ 3100 billion. Asian Paints together with its subsidiaries have operations in 15 nations internationally with 27 paint manufacturing services, servicing customers in over 60+ nations. Asian Paints additionally affords a variety of house decor merchandise and is an rising sturdy participant within the house enchancment and decor house in India.
Ahead Trying Assertion
The statements on this press launch that aren’t historic statements, together with statements relating to future monetary efficiency, are forward-looking statements inside the which means of the federal securities legal guidelines. These statements are topic to quite a few dangers and uncertainties, lots of that are past the corporate’s management that might trigger precise outcomes to vary materially from the outcomes expressed or implied by the statements. These dangers and uncertainties embody, however aren’t restricted to: the numerous hostile impacts on financial and market situations of the COVID-19 pandemic and the corporate’s capacity to reply to the ensuing challenges and enterprise disruption; the current dislocation of the worldwide vitality market; the corporate’s capacity to handle its liquidity; the result of and the publicity surrounding audits and investigations by home and overseas authorities companies and legislative our bodies; potential hostile proceedings by such companies and potential hostile outcomes and penalties from such proceedings; modifications in capital spending by the corporate’s clients; the corporate’s capacity to acquire contracts from present and new clients and carry out below these contracts; structural modifications within the industries during which the corporate operates; escalating prices related to and the efficiency of fixed-fee initiatives and the corporate’s capacity to regulate its price below its contracts; claims negotiations and contract disputes with the corporate’s clients; modifications within the demand for or worth of oil and/or pure gasoline; safety of mental property rights; compliance with environmental legal guidelines; modifications in authorities rules and regulatory necessities; compliance with legal guidelines associated to earnings taxes; unsettled political situations, conflict and the results of terrorism; overseas operations and overseas change charges and controls; the event and set up of economic programs; the potential of cyber and malware assaults; elevated competitors for workers; the power to efficiently full and combine acquisitions; and operations of joint ventures, together with joint ventures that aren’t managed by the corporate.
The corporate’s most not too long ago filed Annual Report on Kind 10-Okay, any subsequent Kind 10-Qs and 8-Ks, and different U.S. Securities and Change Fee filings talk about among the necessary threat components that the corporate has recognized which will have an effect on its enterprise, outcomes of operations and monetary situation. Besides as required by regulation, the corporate undertakes no obligation to revise or replace publicly any forward-looking statements for any motive.
SOURCE KBR, Inc.