Berger Paints India is reportedly planning to foray into new product categories especially in the industrial segment. The company is eyeing an entry into auto-refinish and marine paints through joint ventures that are likely to be finalized by the end of this fiscal.
The company is also looking at introduction of offerings in the specialized, energy-efficient ETICS (external thermal insulation and composite systems) category. The company may also set up a new plant to cater to this segment.
Berger Paints India is one of the largest paint companies in India 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.
