Asian Paints
Introducing the Asian Paints Company
Executive Summary
Asian Paints is India's largest paint company and the third largest paint company in Asia today, with a turnover of Rs 36.7 billion(around USD 851 million). The company has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 21 countries and has 29 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Tubman’s.
History - At a Glance
The first phase of the Greenfield industrial liquid paints facility at Taloja, Maharashtra was commissioned during last quarter of FY06-07.The production is being ramped up at the facility and it is expected to reach the installed capacity of 14,000 KL by the month of September 2007.This will help the company to improve its service levels to Industrial customers and also bring about cost efficiencies Associated with manufacturing the bulk of industrial Products at a single location.
The Company in order to meet market requirements is planning to enhance the capacity of the plant at Sarigam. Plans are being drawn up and work on the civil structure is Expected to commence from October, 2007. The enhanced capacity will be available during the second quarter of the FY08-09. With these capacities at Baddi and Sarigam, APICL will be placed to service the powder coating requirements. During last year, the capacity of the Sriperumbudur plant was raised to 50,000 KL per annum early in 2006-07. This capacity came in handy as emulsion paints sales grew well.
CORPORATE INFORMATION
Vision and purpose Asian Paints aims to become one of the top five Decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term
Executive Summary
Asian Paints is India's largest paint company and the third largest paint company in Asia today, with a turnover of Rs 36.7 billion(around USD 851 million). The company has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 21 countries and has 29 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Tubman’s.
History - At a Glance
The first phase of the Greenfield industrial liquid paints facility at Taloja, Maharashtra was commissioned during last quarter of FY06-07.The production is being ramped up at the facility and it is expected to reach the installed capacity of 14,000 KL by the month of September 2007.This will help the company to improve its service levels to Industrial customers and also bring about cost efficiencies Associated with manufacturing the bulk of industrial Products at a single location.
The Company in order to meet market requirements is planning to enhance the capacity of the plant at Sarigam. Plans are being drawn up and work on the civil structure is Expected to commence from October, 2007. The enhanced capacity will be available during the second quarter of the FY08-09. With these capacities at Baddi and Sarigam, APICL will be placed to service the powder coating requirements. During last year, the capacity of the Sriperumbudur plant was raised to 50,000 KL per annum early in 2006-07. This capacity came in handy as emulsion paints sales grew well.
CORPORATE INFORMATION
Vision and purpose Asian Paints aims to become one of the top five Decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term