ParexGroup enters Indian market

ParexGroup SA, a French multinational, with headquarters in Paris, has teamed up with Mumbai based Apurva India Ltd. to foray into the Indian market. ParexGroup is one of the global leaders in the manufacturing of innovative and high quality dry mix mortars and specialty solutions for sustainable and responsible construction.
ParexGroup of companies offer a full range of products for new construction or renovation, for façade decoration and protection, all adapted to suit the architectural styles and construction methods of the area. Today ParexGroup operates in 21 countries, 60 manufacturing facilities, 2 group research & development centres, 9 local research & development laboratories and has achieved a sales turnover of $ 900 million in 2012. 
The new entity ‘ParexGroup Construction Products Pvt. Ltd.’ would be headed by Ashok Narayan Kate as its Managing Director. Mr. Kate is also the Managing Director of Apurva India Ltd, an established manufacturer of resin floorings having presence across Indian and international markets.
ParexGroup India will initially focus on two market segments: waterproofing systems under Davco brand and concrete maintenance and protection solutions under Lanko brand. The products would be useful for waterproofing of various areas, structural grouts, concrete protection and repairs. The products would find applications in specialised areas like waterproofing of exposed areas, waterproofing through crystalline technology in form of admixture and coatings, rapid setting and high strength structural grouts, rapid setting and high strength concrete repairs including under water repairs and cement based self leveling flooring.

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