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.

Axxiom Manufacturing
Schmidt Improves Conversion Kits

Schmidt's conversion kits turn out-of-date blast pots into high quality, efficient blasters. Quick, easy to install with step by step instructions.
Call 1-800-231-2085


Atlantic Design, Inc.
OUR QUALITY & YOUR TIME.

Many service issues can be easily solved over the phone. When you do need parts, ADI has most in stock for all your blasting needs. 866.Call.ADI


Mohawk Garnet
Enska by Mohawk Garnet™

A safe, efficient and economical abrasive alternative to slag and sand products. More information
at 1.866.642.7638 or info@mohawkgarnet.com Email for follow up – mheilimo@mohawkgarnet.com


ABKaelin, LLC
Quality is our bottom line

Services include:
• Environmental, Health &
  Safety
• Contractor QP Certification
• Quality Assurance Programs
  and Auditing
• SSPC C3/C5 and other
  Training
• Coatings
• Design/Construction
See our website at abkaelin.com or contact us today abkaelin@comcast.com


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


Thermion Inc
Buy Back Program

We are offering $5,000
credit for your old Model
This drive system is
being discontinued by
the manufacturer.
More information at
thermioninc.com
877.884.3428


Van Air Systems
Get Dry Compressed Air Today!

Blasting contractors know that dry compressed air is key to superior surface preparation. Get dry air with Van Air Systems Portable Compressed Air Dryers.

 
 
 
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