National Paints aims Rs 100 cr turnover in India

National Paints, a multinational paint manufacturer, today said it aims a turnover of Rs 100 crore in the first year of its operations in India.     

The company is setting up four plants in Kerala, Tamil Nadu, Maharashtra and Guajart.     

The Kerala plant, set up with a Rs 50 crore investment, and daily production capacity of 1,20,000 litres, will be inaugurated tomorrow by state Industries Minister Elamaram Kareem.     

The three other plants are coming at Chennai, Ahmedabad and Pune with the Ahmedabad plant expected to be ready by early 2010, company Chairman Salim F Sayegh told reporters here.     

The company was aiming at Rs 100 crore turnover in the first year from the Angamali plant which will provide direct employment to about 150 persons, he said.     

 

There are plans to export paints to Bangladesh, Sri Lanka and Maldives once the Chennai plant was ready, he said.     

National Paints, which has its presence in 45 countries and 12 factories worldwide, is the largest paint consortium in the Middle East currently with annual production capacity of four lakh tonnes and annual sales above one billion USD, he said.     

To manage its Indian operations, the company has set up a subsidiary — National Paints Factories (India) Private ltd.