According to reports from CNBC TV18, Pidilite Industries has partnered with South Korea-based Hwaseung Chemical to bring its footwear adhesive technology to Indian manufacturers. The partnership will make Hwaseung Chemical's adhesive products available to Indian footwear makers, including products used in the production of global sports footwear brands. The adhesives are designed to provide strong and flexible bonds and can be used in large-scale footwear manufacturing operations. As per CNBC TV18, the collaboration will bring globally benchmarked adhesive systems to India's footwear manufacturing ecosystem, enabling manufacturers to enhance product performance, reliability and sustainability while benefiting from localized technical expertise and support.
As reported by CNBC TV18, Pidilite will provide local technical support and expertise, while Hwaseung Chemical will contribute its adhesive formulations and technology. The companies emphasized that the products meet several international environmental and safety standards, including REACH, SVHC, Prop 65 and the US Clean Air Act. The products are also aligned with ISO 14001 and RoHS requirements. The formulations have low volatile organic compound (VOC) emissions, are non-flammable and can be used with modern manufacturing equipment. According to the latest reports, these high-performance adhesives are engineered to deliver strong bonding, durability and flexibility while supporting consistent output across high-volume manufacturing lines.
According to CNBC TV18, Hwaseung Group Vice-President Chris Hyun stated that the partnership would help Indian footwear manufacturers meet the requirements of global brands. Sudhanshu Vats, Managing Director of Pidilite Industries, emphasized that India is steadily emerging as a key hub for global footwear manufacturing, noting that the collaboration will help manufacturers enhance productivity, maintain consistent quality, and meet global brand expectations. As per the latest reports, Vats stated that India represents one of the most dynamic and fast-growing footwear manufacturing hubs globally, and partnerships like this play an important role in strengthening that ecosystem. The collaboration enables manufacturers to access solutions nominated by leading global brands and achieve higher standards of performance, consistency and sustainability.
As reported by CNBC TV18, Pidilite CEO Vats indicated that crude oil prices staying above $100 a barrel would be the biggest near-term risk for the company. Crude oil is an important raw material for the company's adhesives and chemicals business. Vats stated that Pidilite would decide whether to increase prices depending on whether high crude prices prove temporary or persist for longer. The company would pass on higher costs through price increases only if crude stays above $100 a barrel and only to cover the additional cost, rather than to protect profit margins.
According to CNBC TV18, Pidilite Industries shares closed at ₹1,493.10 on the NSE on September 28, down 1.59% or ₹24.10 from the previous close. The latest trading data shows Pidilite Industries shares were last trading at ₹1,511.00 on BSE compared to the previous close of ₹1,530.00. The stock hit an intraday high of ₹1,526.85 and intraday low of ₹1,496.00, with a total turnover of ₹334,08,526 during the day. Despite the volatility in crude prices, Vats said domestic demand remains strong, growing at double-digit rates. He also noted that his recent visits to markets such as Yavatmal in Maharashtra showed that consumer sentiment remains healthy on the ground.
