|
|
|
|
|
11th Jamadi-ul-Awwal 1436 | Wednesday, Mar 04, 2015
Business

Berger Paints opens Hindupur plant in Andhra Pradesh

Friday, 31 January 2014
Comments(0)
January 31:

Berger Paints India Ltd today inaugurated its largest water-based paint manufacturing unit with an initial capacity of 80,000 tons at Hindupur in the Anantapur District of Andhra Pradesh.

Kuldeep Singh Dhingra, Chairman, Berger Paints, said in the final phase the factory will have a capacity of 3,20,000 tons per annum. Additionally, there will be a plant for the manufacture of 1,00,000 KL of emulsion, a key raw material, for which a provision already exists.

"The emulsion facility will be commissioned soon upon receipt of all clearances. Side by side, Berger India Group is opening a plastic packaging factory.

"Another Berger factory is coming up in the Gollapuram Industrial Area, just 3 to 4 km from Hindupur site, for manufacture of 40,000 tonnes of paint. Total investment in the Hindupur area by the Berger India Group will be close to Rs 550 crore," Dhingra said.

Chief Minister N Kiran Kumar Reddy formally inaugurated the plant.

Talking to reporters, Abhijit Roy, Managing Director and CEO, Berger Paints, said the company would be hiking prices by 2.2 per cent on decorative range of products from February 1.

This is a third hike during the financial year, taking the overall hike to about 4.8 to 5 per cent, Roy said.

The Kolkata-headquartered paint-maker has facilities in four countries -- Nepal, Bangladesh, Poland and Russia. Roy said currently revenues from overseas constitute 10 per cent of the overall income.

He also said the company expects double digit growth in terms of revenues in the current fiscal. The paint-maker reported nearly Rs 1,650 crore revenues with over Rs 110 crore net profit for the first half of the current year.

Latest News

It is the woman who grieves the most on birth of a girl child: Shabana Azmi

It is imperative to create awareness regarding the role of woman in the society because until and un ...

AP Government Sanctions Rs 570 Cr for Organising Godavari Pushkaram

The Andhra Pradesh government has sanctioned Rs 570 crore for the works pertaining to 'Godavari Pus ...

Imposed ban on Promotins of Govt employees lifted

Giving much relief to government employees, the Telangana state government lifted the ban which was ...

Related News

Uber acquires mapping company deCarta

Taxi-hailing service Uber has reportedly acquired deCarta, a platform for location services including, mapping. Accor ...

Services growth soars to 8-month high: HSBC

Services sector expanded rapidly in February at the fastest growth rate in eight months, driven by s ...

India Inc hails surprise rate cut by RBI

Cheering the surprise rate cut by RBI, India Inc on Wednesday said the move sends a positive signal to investors and will help boost growth ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26360 (Per 10g)

Opinion Poll
Do you think the dharna against Modi Government's land ordinance would be successful?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com