PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Nippon Paint Sets $54M Growth Plan for India

Tuesday, September 7, 2010

Comment | More

Nippon Paint, Asia’s largest paint and coatings maker, is ratcheting up its presence in India, with two new plants and doubled capacity at a third planned within three years, the company has announced.

"The paints industry is growing in the country, and we want to tap the market,” said Ramakanth Akula, president of Nippon Paint India (Decorative).

Nippon will invest Rs 250-crore (about $54 million US) in India by 2013 and double production capacity of its Chennai facility to 40,000 kiloliters (about 10.6 million gallons) annually by August 2011, Akula said.

Nippon Paint manufactures more than 100,000 products for the international paint and coatings markets.

Production Capacity Grows

The company has three facilities at Pune, Bangalore and Chennai and has already invested more than Rs 250-crore in the country.

That includes Rs 60-crore already invested in its Chennai facility, where the company plans to spend an additional Rs 30-crore to double capacity, Akula said.

Of the new Rs 250-crore investment, about Rs 40-crore will be used to set up a new plant at Taloja in Maharashtra by April 2011 and another decorative paints facility in Haryana by 2012.

"We will set up an industrial painting facility at Taloja in Maharashtra by April 2011,” Akula said. “Its annual capacity is expected around 10,000 kiloliters [about 2.6 million gallons]."

"We are talking to the Haryana Government for acquiring land for setting up a new plant in the state. As soon as we get the land, we will start construction of the plant," with an investment of about Rs 100-crore.

   

Tagged categories: Market; Nippon Paint

Comment from ramakrishnan, (9/20/2010, 8:57 AM)

it is interesting to see how a new entrant is taking on the well established giants like Asian Paints in India and rapidly growing. what was thought as a game of distribution is perhaps getting redined ?


Comment Join the Conversation:

Sign in to our community to add your comments.

Safety Lamp of Houston, Inc.
Wet & hazardous area lighting solutions from SAFETY LAMP of Houston

New WOLF LED and fluorescent lights are now available, including low voltage tank lighting kits.
Call: (281) 964-1019.


JPCL Europe
IN THE LATEST ISSUE:

• Refinery maintenance painting
• Greetings from Dubai!
• Is ego hurting your business?
• UV curing in the field
• And more!


SAFE Systems, Inc.
SAFE Systems'
Blast Lights &
Deadman Switches

Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.


Elcometer, Inc.
New Elcometer 456 Coating Thickness Gauge

Best In Class Just Got Better. Technologically Intelligent And Robust. Marvelous Design And Durability. An Earth-Shattering Revolution In Coating Inspection.


Abrasives Inc.
One Call Orders it All!

Life is good when it’s simple. We distribute Clemco blast equipment, nozzles & parts alongside our proven blast media. Make your call: Abrasives Inc. 800-584-7524


Minerals Research & Recovery
PREMIUM SLAG ABRASIVES

Visit mrrinc.com. Companies specializing in abandonment and decommissioning projects have discovered that Sharpshot® 20X50 copper slag is an ideal product for subsea waterjet cutting.
Call Steve: 520-297-4626


Surface Prep Supply
Surface Prep Supply

Blast It! Coat It! We have you covered every step of the way. Supplier of:
• Abrasives
• Equipment
• Accessories
• Protective Coatings
888-331-7737(PREP)

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com