Asian Paints to boost production capacity
Asian Paints, which is setting up to plants in South India, is all set to increase production capacity by 11 million kilo litres in 18 months.
“The first plant in Mysuru, with 6 mio kilo litres, will go on stream by end-2018,” said Amit Syngle, chief operating officer, Asian Paints. “The second plant at Visakhapatnam with 5 mio kiloliters will begin production by the first half of 2019.”
Recently, Asian Paints completed expansion activities at its Rohtak plant in Haryana, and modernised its plants in the West and North. The total investment in these two new plants is said to be about 40 billion rupees, according to sources of The Hindu. “The proposed units would take care of Asian Paints’ sales volume for the next three to four years. We also have two units in Sriperumbudur near Chennai. It has reached full capacity and we are not expanding it for want of space,” said Syngle.
