Asian Paints is planning to set up Rs 2,300 crore water-based paint manufacturing unit in Karnataka. The company will set up six lakh kilo litres per annum (KLPA) manufacturing unit at Immavu Village, Thandya Industrial Area (2nd Phase), Nanjangud Taluk in Mysore District.
The proposed plant at Nanjangud is expected to be the company’s biggest manufacturing plant with 6 lakh KLPA capacity with the estimated sales turnover of Rs 10,250 crore.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.