NEW DELHI: India’s second-largest paint maker Berger Paints India plans to invest Rs 150 crore to set up a new plant in Andhra Pradesh by 2012, top company executive said. “We have identified a 50-acre plot in Hindupur and are waiting for clearances,” said Subir Bose, MD at Berger Paints India.
The proposed unit will have an installed capacity of 1.5 lakh tonne annually and will push up overall capacity around 50%. Berger is also spending Rs 60 crore to expand existing capacity of 2.5 lakh tonne by adding 50,000 tonne for the year ending March 2011.
Berger has seven plants in India besides four facilities overseas, at present.
The company on Thursday introduced Breathe Easy , an eco-friendly decorative paint, and said it is eyeing 20% growth in revenues this year. The domestic paint industry is growing annually at 15-16%.
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