Press Release

India, 30 January, 2023

Horizon Industrial Parks, a portfolio of Grade-A 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 specialized 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.

About Horizon Industrial Parks

Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio comprises 17 industrial and logistics parks spread across more than 1,000 acres and with a development potential of 25 million square feet, which are located in eight key markets in India.

About FOSROC

Fosroc is a leading international manufacturer and supplier of high-performance chemicals for the construction industry. A British heritage brand, Fosroc began over 80 years ago and has become the go-to name for construction companies, offering a wide range of products and brands including Conbextra, Rendroc, Nitoproof, Nitoflor, Nitoseal, Proofex, Supercast, Conplast and Dekguard. Fosroc serves customers across a broad range of market segments including Infrastructure, Building segment transport, utilities, and industrial, through extensive network of offices and manufacturing locations across Europe, Africa, the Middle East, India, North, South and East Asia.

Fosroc commenced its India operations in 1980 with their plant at Bangalore. Since then, they have expanded their manufacturing facilities to Ankleshwar, Kolkata, and Keshwana. Few months ago, they commenced operations at their new facility located in Dhaka. They have their network of sales and marketing offices across all leading cities in India, supported by regional concrete laboratories. Their products are supplied to construction companies, civil contractors, infrastructure companies, commercial establishments, et al.