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Asian Paints to increase its capacity by 60%

04 Sep 2015 Evaluate

Asian Paints is planning to increase its capacity by 60 per cent or 600,000 kilo litres per annum to its existing capacity of 10,00,000 kilo litres. The company will add 400,000 kilo litres capacity through the proposed greenfield project at Visakhapatnam in Andhra Pradesh, while 200,000 kilo litres will come through the doubling of capacity of the existing Rohtak facility (in Haryana)

Capacity expansion plans will be executed in a phase-wise manner. In this regard, the company has obtained 110 acres from the State government.

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, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.

Peers
Company Name CMP
Asian Paints 2345.00
Berger Paints India 471.75
Kansai Nerolac Paint 181.10
JSW Dulux 3003.70
Indigo Paints 1022.35
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