Published on March 25, 2014

The Paint industry has been growing on steady pace in India. With the end of financial year 2013, companies are busy in preparing their yearly and last quarter financial reports. Market is in neutral mood and is not expecting much from the companys financial results.

Recently PAINTINDIA 2014 International Exhibition-Conference was successfully concluded. The event was a huge gala of many international paint associations and firms. The conference ended up with the colossal amount of anticipation and optimism for the better times for the industry in the near future.

At present paint industry is looking for wide category of products. The industry is getting popular in the segment called pre-painted galvanized sheets. This segment is getting more recognition and acceptance. Product of this segment are used in roofing industry, decorative showcases, sparkling doors of refrigerators, shinning walls of the showrooms and malls and many such more. This segment has improved in past few years and has even sustained its growth during the global slowdown.

Berger paints one of the leading paint manufacturers of our country commissioned a new plant in Andhra Pradesh with an initial capacity to make 80,000 tonnes of paint a year. The company will be investing around Rs. 550 crore in the project. The annual production capacity will be increased to the level of 3,20,000 tonnes in two phases. The company is in process to set up more plants and joint many joint ventures. Company will undergo joint venture with Japanese company Nippon Bee Chemicals Co Ltd.(NBC) in making of fully integrated paints complex. The company has also raised the prices of its decorative range of products by about 2.2percent, this would be the third hike brought by the company in the current fiscal year. The company is expecting to have steady growth in the upcoming financial year as economists believe that upcoming elections will bring some change to the economic and financial policies of the government.