-58.45 (-2.08%) Asian Paints’ wholly owned subsidiary - Asian Paints Industrial Coatings (APICL) has closed down the operations of its powder coatings plant at Baddi, Himachal Pradesh with effect from November 25, 2013, due to significant decline in the processing volume of powder coatings for the last two years. APICL’s plant at Sarigam, Gujarat will continue its normal operations and is sufficient to cater to the future requirements.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.