Horizon Industrial Parks, a portfolio of logistics parks in India owned and managed by Blackstone Real Estate funds, has started construction of a build-to-suit manufacturing facility for Fosroc, a British manufacturer of construction chemicals. The facility will sit within Horizon Industrial Park’s new logistics park in Kothur, Hyderabad, which spans 45 acres and has 1.3 million square feet of development potential. FOSROC will have access to Horizon Industrial Park’s well-established industrial ecosystem and be equipped with modern infrastructure and world-class amenities tailored to its needs.
R. Sai Krishnan, Regional Vice President, Fosroc Chemicals (India) Pvt Limited, said, “With state-of-the-art manufacturing facilities across the world, Fosroc is a leading manufacturer of high-performance chemicals for the construction industry. Our factories abide by the highest safety standards and comprise best-in-class technologies and quality management systems. We’re excited to partner with Horizon Industrial Parks, a proven owner and operator of high-quality industrial parks. We’re confident that they can deliver exactly what we have envisioned for our facility.”
Rahul Pandit, Chief Executive Officer, Horizon Industrial Parks, said, “We are proud to bring our logistics expertise and help Fosroc build its first manufacturing facility in Hyderabad and reach more customers. We share the same commitment of creating value for our customers and maximizing operational efficiency. We’ll use our agility, knowledge of the logistics sector, and flexibility to help Fosroc develop a best-in-class manufacturing facility.”
Horizon Industrial Parks has one of the largest portfolios of warehousing and industrial parks in India. The 25 million square feet portfolio is anchored by tenants in fast-growing sectors such as e-commerce, retail, auto (electric vehicles), and logistics.