Berger Paints India is setting up a new production plant in Tamil Nadu which is likely to be completed by December this year, and would start production by early next fiscal. In this regard, the company will invest Rs 200 crore which will be made through internal accruals.
The company currently has eight plants across India and the new one at Tamil Nadu will be the ninth. The company that manufactures and markets a range of decorative and industrial paint products under various product brands is looking to diversify into industrial chemicals segment in the long term.
Berger Paints is the third largest paint manufacturer and second largest manufacturer in decorative paints. It’s headquarter is located in Kolkata, it has distribution network of 75 stock points and 12,000 paint retailers. The company’s net profit for the quarter ended June 30, 2011 surged by 16.42% at Rs 37.16 crore as compared to Rs 31.92 crore for the corresponding quarter last year.
