PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

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.

Modern Safety Techniques
Modern Safety Techniques

With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Sherwin-Williams
    Heat-FLex® Hi-Temp 1200

    Improved Corrosion
    Resistance
    Enhanced Durability
    Faster Shop Throughput


    NLB Corporation
    Water Jets in Action

    Video demo shows how
    easily Vortex™ removes
    coatings and more. Lawn-
    mower-style water jet unit strips floors, ship decks, etc. quickly and keeps debris contained.


    Empire Scaffold
    Work with a scaffold company you can trust

    Empire Scaffold is a full-service scaffold company providing specialized, on-site support for the life of the project, with products & experience to keep your projects up & running, safely.


    BASF
    New resins from BASF will have metals loving water:

    Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
    polyorders@basf.com
    800-231-7868


    Midsun Specialty Products
    Stopaq 30+ Year Coatings

    Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


    Montipower, Inc.
    The MBX Bristle Blaster

    Get a 2.7 to 3.3 mil profile and a Near White Metal Clean. For info visit www.mbxit.com or call 877 629-8777


    Hempel (USA) Inc.
    HEMPEL PROTECTIVE COATINGS

    Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

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

     
    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 2000-2015, 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