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National Paints plans Rs. 500cr investment
2009-09-23 02:37:35

One of the largest paint consortiums in West Asia, the National Paints, which is currently aggressive on its global expansion initiatives, is investing Rs. 500 crore over the next couple of years in India. The company has recently inaugurated its plant with a 1.2 lakh litres capacity through its wholly owned Indian subsidiary, National Paints Factories (I) Private Limited, in Kerala.

According to the Chairman of the National Paints Factories Limited, Salim F Sayegh, the company has 12 factories worldwide and is currently representing over 45 countries across the world and India forays is also a part of its strategy and has launched its first unit in south India which will be its 13th across the world. All the raw materials used in production as well as each batch of paint products would be subjected to rigorous laboratory testing to ensuring quality standards.

The company is committed to clean and healthy environs and offers lead free paints for toys, schools and hospitals. The Kerala plant is set to manufacture the entire range of paint products, including decorative paints, polyurethanes, wood coatings, industrial paints, automotive paints, marine paints and a range of texture including specialty paints. The company is striving hard to develop products that help make people’s lives more vibrant and colorful, he claimed.

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