Pune
News:
Berger Paints India has decided to set
up an automotive paints plant in Pune
for a cost of Rs 50 crore. Automotive
paints have a 30 per cent share in the
Rs 11,000-crore domestic paints
market, and the company wants to win a
sizeable share in this fast-growing
market. Berger Paints is also looking
to acquire companies in emerging
markets like Russia, China, Brazil and
across eastern Europe to expand its
global footprint.
Talking
on the sidelines of the company’s AGM,
managing director Subir Bose said:
“The upcoming Pune plant will be able
to manufacture 800 kilolitres of
automotive paint per month.
At present, our existing automotive
paints production capacity is 600
kilolitres per month and contributes
24 per cent of our total sales. The
automobile sector in the country is
showing a significant growth and we
want to become a part of that growth
story.”
