Published on October 13, 2015
As per market report, Nippon Paint is a Japanese paint and paint product manufacturing company. The company and its subsidiaries has presence in Singapore, Malaysia, South Korea, India etc. This company is planning to set up a decorative paint plant in north India. Nippon Paint is planning to develop paint plant in north Indian market. But, the investment, capacity and other detail have not been decided until now said by the company in Sep, 2015.
Recently, Nippon got the Green product certification from the association of Indian Industry and became the First Indian paint maker to get such an official approval. Nippon Paint hoped to close this year with a turnaround of Rs. 675 crore. At present, almost 50% of the company turnover is contributed by the decorative paint and the rest from industrial and automotive paint business lines. As per market report the paint sector is anticipated to be around Rs 500 billon till end of 2018. Since Paint sector grows tremendously in upcoming year.
