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Akzo Nobel India to invest Rs 150 crore for new manufacturing plant

06 Aug 2012 Evaluate

Akzo Nobel India, paints and coatings company, is planning to invest Rs 150 crore in a new manufacturing plant at Gwalior in Madhya Pradesh. It has started with the work to establish integrated coatings facility at Gwalior. Currently, the company operates five plants.

In the last fiscal company has enhanced its manufacturing capacity by commissioning a 30 million liters facility in Hyderabad. It also added capacity of coil coatings at Bangalore plant. It has already been put in place with long-term agreements with strategic vendors, thereby guaranteeing raw material availability.

Peers
Company Name CMP
Asian Paints 2371.85
Berger Paints India 458.65
Kansai Nerolac Paint 177.05
JSW Dulux 2962.40
Indigo Paints 1038.75
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