Page 8 - Berger Paints

Berger enters marine paints segment, to bring in Bolix brand in India

India's second largest paint maker Berger Paints has entered into a partnership with Japan based Chugoku Marine Paints (CMP) which marks the former's entry into the marine paints segment.While initially, Berger Paints will act like a production partner for CMP India to cater to its clients, the partnership also opens up a possibility of a future joint-venture.Abhijit Roy, managing director and CEO of Berger Paints said that under the current terms of the treaty, CMP will procure paint from its VVN plant in Gujarat which has an installed capacity of 4,000 tonnes per month."However, we might opt for a joint venture to enter this segment directly", he said.Its plants in Jejuri in Maharashtra and Pondicherry will also be used for rolling out marine paints products in the near future.While Berger Paints will have limited branding visibility as the paint will be sold under the CMP brand name in India, the company is expected to gain hands-on experience in the marine coatings business to ...

Berger enters marine paints; to also bring Bolix brand to India

Berger will initially be a production partner for Chugoku Marine Paints India

Berger Paints gains on signing MoU with Japanese firm Chugoku Marine Paints

The stock was up 3% at Rs 240 on BSE in otherwise weak market

Berger Paints Q3 net down 2% to Rs 109 cr

Firm's revenue grew 5% to Rs 1,296 crore

Berger Paints to stabilise top line

Berger Paints is responding to the crisis by effecting a course correction in its growth strategy

Berger Paints Q4 net up 55% to Rs 120 cr

Income from operations at Rs 1,246 crore, up 10.6% from a year ago

Berger Paints to invest Rs 100 crore in Jejuri plant

As of now, the plant's capacity is 12,000 tonnes which will be increased to 22,000 tonnes

Berger Paints Q1 net rises 55% at Rs 120 crore

Stock of the company was trading 0.29% up at Rs 240.65 on BSE

Berger Paints completes business transfer to BNB Coatings

BNB Coatings is a 51:49% joint venture between NPAU and Berger Paints

Berger Paints posts 60% increase in Q4 net at Rs 93 cr

Net sales and other operating income up 8.6% to Rs 1,130 crore

Berger reforms auto paints business

The firm has 13% market share in the Rs 3,000 cr auto paints industry, but is totally absent in passenger-car segment