|
|
|
|
|
6th Rabi-us-Saani 1436 | Tuesday, Jan 27, 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

Obama to meet Kailash Satyarthi today

US President Barack Obama would meet his fellow Noble laureate Kailash Satyarthi here on Tuesday. Obama will meet Satyarthi, who along wi ...

Americans hope Obama's visit will boo...

While Republic Day is an annual delight for Indians, for some of the Americans who attended the parade today, the occasion turned out to be ...

Warriors beat Wizards 3-2 in a close HIL m...

Jaypee Punjab Warriors continued their fine form and defeated Uttar Pradesh Wizards 3-2 in a keenly-contested league match to register their ...

Related News

'Few partnerships so rich in promise as ours', says PM Modi

Prime Minister Narendra Modi on Monday said there were few partnerships which were so rich in promis ...

CEOs from India, US discuss IPR, piracy am...

Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum ...

Swiss gold exports to India cross Rs 1.2 l...

Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit ...

Post new comment

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

Rs. 27850 (Per 10g)

Opinion Poll
Do you think Kiran Bedi is a safe bet for BJP against a strong Kejriwal?
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