Asian Paints will discontinue the production of Phthalic Anhydride by end of July, 2017 at its manufacturing facility situated at Ankleshwar in state of Gujarat. The sale of Phthalic Anhydride constituted 0.42% of the net sales of the company as on March 31, 2017. Accordingly, the discontinuation of production of Phthalic Anhydride will not have any material impact on the operations of the company.
The company had earlier announced about its proposal to expand the existing paint manufacturing capacity at its manufacturing facility situated at Ankleshwar from 130,000 KL to 300,000 KL per annum and to augment the manufacturing capacity of synthetic resins and emulsions from existing 32,000 MT to 85,000 MT (approximately) over a span of the next 3-4 years. The aforesaid expansion and augmentation would involve phasing out the current Phthalic Anhydride and its allied products manufactured at this facility.
Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.
Company Name | CMP |
---|---|
Asian Paints | 2860.05 |
Berger Paints India | 505.50 |
Kansai Nerolac Paint | 277.00 |
Akzo Nobel India | 2460.70 |
Indigo Paints | 1322.60 |
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