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Berger Paints focusing on expansion plans

06 Aug 2019

Berger Paints India is aiming to grow in Russia and is also evaluating inorganic growth in the country while continues to pump in capital in the domestic market. The company has been in talks with a few Russian firms which owns a brand and have a manufacturing facility but no final deal had been stuck yet.

The company is also constructing its first colourant facility at Rishra in the home state of West Bengal. The company had earmarked Rs 200 crore in the current fiscal toward modernisation in the existing units and greenfield units in the domestic market. The company last year had completed the emulsion facility here at a capex of Rs 30 crore and company is also trying to acquire new clients in automotive and focusing at other industrial segments

Berger Paints India is the second largest paint company in India. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

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806.05 -3.75 (-0.46%) Jun 11, 18:01
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