Markets :: Specialty Chemicals :: Paints and Coatings
Asian Paints to Build its Largest Plant in India
9:48 AM MDT | August 28, 2007 | Esther D’Amico
India’s largest paintmaker Asian Paints Ltd. (Mumbai) says its board of directors has approved plans to build its largest paints and coatings facility yet, at Haryana, India. Further site and investment details are still under review. The decorative coatings facility is likely to be commissioned next year and will be larger than 100,000 kiloliters (kl)/year, it adds. Asian Paints says its existing 100,000-kl/year facility at Chennai, India is currently its largest plant. India is a “low value-per-liter market,” and generates large volume sales...
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