Berger Paints India and Chugoku Marine Paints (CMP) of Japan have entered into a Memorandum of Understanding (MoU) for cooperation and collaboration in the field of marine and related industrial paints in India. The MOU envisages joint efforts in marketing, supplying and purchasing marine related industrial paints. Subsequently, the parties have a view of establishing a joint venture company as their final objective.
Berger Paints India is the second largest paint company in the country with a gross turnover of more than Rs 5,000 crore. It is present in all segments of paint including Decorative, Automotive, Industrial, Protective and Powder Coatings.
