In the vibrant city of Mumbai, amidst the bustling energy of Paint India 2024 from February 21st to 24th, 2024, Chitec has a joint exhibition with Unique Specialty Chemicals (USC) at Paint India 2024. The strategic move aimed to harness the potential of India, the world's second most populated country and a formidable force in pigment and dye production.
While over half of India's households navigate basic living conditions with minimal paint quality needs, the nation is undergoing a construction renaissance. Spearheaded by the Modi government, recent years have witnessed a surge in construction activities, reshaping India into a modern powerhouse. The demand for quality paint has skyrocketed, fueled not only by construction requirements but also by the increasing needs for passenger cars, solar panels, and exquisite furniture. This surge has, in turn, stimulated the UV additives market.
At the Paint India 2024, Chitec seized the opportunity to showcase a range of its globally renowned products. Among these workhorse offerings were Chiguard® 5530, Chiguard® 5582, Chiguard® 5400, Chiguard® 353, Chiguard® 101, and the Chiguard® WB series, tailored specifically for wood coatings and eco-friendly deco paints. The spotlight, however, was on the debut of high-end triazine products, aligning perfectly with India's ambitious green energy policy geared towards solar panel infrastructure over the next decade.
India's progress in UV curing technology was prominently highlighted during the exhibition, thanks to the strides made by leading ink companies. The presence of industry giants like Foxconn and TI in India has turned the electronic industry into a sought-after foreign investment destination. Notably, the synergy between IT hardware development, anchored on a robust software foundation, and the application of UV additives and photoinitiators has created a compelling narrative for investors.
The impact of Chitec's products was not confined to the exhibition floor. Worldwide Excel played a pivotal role in promoting Chitec products in the Sri Lankan market, resulting in international recognition and approval from coating companies. This not only underscores the global appeal of Chitec's offerings but also highlights the potential for further expansion into diverse markets. The success of the event can be attributed to the robust support from USC, marking a promising inauguration for Chitec in expanding its market presence.
Chitec was founded in 1998 by Dr. Chris Chiu. The company is headquartered in Taipei, Taiwan, and has branch offices in Houston, USA, and Shanghai, China. Besides its own sales force, Chitec has authorized more than 20 sales distributors globally, covering five continents. Both of the company's plants are located in Taiwan. Chitec is ISO 9001, 14001, 45001, and 14064-1 certified.
Chitec focuses on the R&D of specialty chemical additives for various industries, including electronics, automotive, aerospace, construction, packaging, and synthetic fibers. During this time, Chitec has steadily built up its major product lines, including UV stabilizers, Antioxidants, Photoinitiators, and Flame retardants.
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