Berger Paints and Chugoku Marine Paints sign Memorandum of Understanding
Berger Paints and Chugoku Marine Paints of Japan have entered into a Memorandum of Understanding for cooperation and collaboration in the fields of marine and related industrial paints in India.
The Memorandum of Understanding (MOU) envisages joint efforts in marketing, supplying and purchasing marine related industrial paints. Subsequently, the parties have a view of establishing a joint venture company as their final objective.
Considerable strength
Talking about the MOU, Masataka Uetake, President & CEO said: “Chugoku looks forward to the partners jointly becoming leading players in marine coatings in India and the neighboring region.” Abhijit Roy. CEO, Berger Paints, mentioned that “Chugoku and Berger together have considerable strength in technical expertise, product, market knowledge and relevant skills and infrastructure and these are expected to considerably benefit the territory's market requirements.”
About Chugoku Marine Paints
Since its establishment in 1917 Chugoku Marine Paints. Ltd. have uniquely developed marine paints as a core product and is one of the global leaders in the area.
About Berger Paints India
Berger Paints India Limited is one of the largest paint companies in India with a gross turnover of more than Rs.5.000 crores. Berger is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.
