MAJOR PLAYERS IN THE PAINT INDUSTRY
1. ASIAN PAINTS LTD :
Asian paints are the largest player in India, and also the market leader in decorative paint, with a 41%market share. It has a domestic installed capacity of 1, 62,700 tpa for paint.
With the government planning thrust in the housing sector, players like Asian paints stand for the benefit, as the demand for decorative paints will grow.
Taking advantage of the increase in the automatic approval of overseas investment, Asian paints recently acquired the entire paint business pf pacific paints company pvt ltd. Australia for Aus $ 375000.
Last year Asian paints had acquired the largest paint company in Sri-lanka. Asian paints vision is to be among the top five decorative paint companies in the world by 2007.
2. GOODLASS NEROLAC PAINTS LTD:
Goodlass nerolac paint is the leader in the industrial paint segment. Earlier this year, kansai paint of Japan brought out the tata’s stake in goodlass nerolac paints, to raise its stake in the company to 65%. Goodlass nerolac paint manufacturing capacity is 88,140 TPA.
3. BERGER PAINTS LTD:
Berger paint ltd acquired Rajdoot paints ltd in FY 1999. Thus, it has consolidated its position within the decorative segments. Installed capacity is 56,420 TPA.
In addition to focus on its existing industrial paints/protective coating business, the company is entering into a 50:50 joint venture with ICI India ltd, exclusively for automobile and industrial paints. Both companies will have equal representation of board of joint ventures.
4. ICI INDIA LTD:
ICI India, is a subsidiary of ICI plc of UK, has hived of its explosive division and is concentrating on the paints and rubber chemical business.
1. ASIAN PAINTS LTD :
Asian paints are the largest player in India, and also the market leader in decorative paint, with a 41%market share. It has a domestic installed capacity of 1, 62,700 tpa for paint.
With the government planning thrust in the housing sector, players like Asian paints stand for the benefit, as the demand for decorative paints will grow.
Taking advantage of the increase in the automatic approval of overseas investment, Asian paints recently acquired the entire paint business pf pacific paints company pvt ltd. Australia for Aus $ 375000.
Last year Asian paints had acquired the largest paint company in Sri-lanka. Asian paints vision is to be among the top five decorative paint companies in the world by 2007.
2. GOODLASS NEROLAC PAINTS LTD:
Goodlass nerolac paint is the leader in the industrial paint segment. Earlier this year, kansai paint of Japan brought out the tata’s stake in goodlass nerolac paints, to raise its stake in the company to 65%. Goodlass nerolac paint manufacturing capacity is 88,140 TPA.
3. BERGER PAINTS LTD:
Berger paint ltd acquired Rajdoot paints ltd in FY 1999. Thus, it has consolidated its position within the decorative segments. Installed capacity is 56,420 TPA.
In addition to focus on its existing industrial paints/protective coating business, the company is entering into a 50:50 joint venture with ICI India ltd, exclusively for automobile and industrial paints. Both companies will have equal representation of board of joint ventures.
4. ICI INDIA LTD:
ICI India, is a subsidiary of ICI plc of UK, has hived of its explosive division and is concentrating on the paints and rubber chemical business.