04-05 Nov, 2014 - Yangon, MYANMAR
PARKROYAL Yangon
PARKROYAL Yangon
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South Asia is one of the fastest growing coatings markets in the world and the region is expected to witness growth in the future.
Given such positive trends, Denmark's Hempel Paints recently announced its second manufacturing plant in Nashik, India. Hempel has already invested 3 million euros in the new plant and plans investment of another 2 million euros in the second phase. The new facility has a production capacity of 10 million liters per year.
The second phase of the plant is expected to be commissioned in the next 2 years. After which, the total capacity of the new plant will increase by 3 million liters.
The new facility joins the already existing 2 million liter plant in Nashik.
Hempel plans to use the new factory to export to the neighboring countries of Sri Lanka, Bangladesh, the Maldives and Nepal. The new factory will produce paint for marine and protective coating segments.
Hempel already has a good market share in India. While it has already captured over 20% of the country's marine coatings segment, it has more than 12% stake in the protective coatings segment - the latter estimated to be worth approximately Rs. 1,250 crore, and the former the about Rs. 250 crore.
The Danish company aims to double its turnover in the next 3 years' time.
More on Paints and Coatings industry market trends will be discussed at 14th Asia Coatings Markets on 4-5 November, 2014 in Yangon.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
24 Oct, 2014
In order to further strengthen its existing presence in China, AkzoNobel inaugurated its fourth decorative paints plant in Chengdu in the capital city of Sichuan Province.
Located in Qionglai Yang'an Industrial Park, the new manufacturing site comes at an investment of over €50 million.
Built over an area of 55,000 square meters, the first phase of the new plant is expected to begin production in 2016, while the plant is planned to be fully operational by 2017.
The new plant is expected to enable AkzoNobel to cater to the customers in the region, where there is a strong demand for its products.
The new plant is built in compliance with the company's highest sustainability and HSE&S standards and equipped with state-of-the-art production facilities to help manufacture a full range of Decorative Paint offerings for the Chinese market.
More on 'ARCHITECTURAL & DECORATIVE COATINGS MARKET OUTLOOK' will be shared by Jeremy Rowe, Managing Director- Decorative Paints (South East & South Asia) at AkzoNobel at 14th Asia Coatings Markets opens on 4-5 November, 2014 in Yangon.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
02 Sep, 2014
Nippon Paint, with operations across 56 manufacturing facilities in 15 countries in Asia, has further expanded into the Philippines. The paint major has invested P100 million in the country. Nippon has established its local subsidiary in the Philippines called - Nippon Paint (Coatings) Philippines.
The new company which will be led by Nippon Paint Malaysia Group is expected to penetrate the local architectural / decorative coating solutions market.
The construction boom and the unprecedented real estate growth in the country has led Nippon Paint to invest in the Philippines.
It is said that Nippon Paint (Coatings) Philippines will be targeting P1.5 billion in sales turnover by 2017.
Nippon Paint is clearly the top coatings manufacturer in Asia, given its total group sales revenue of $5.4 billion in 2013.
The company is also broadening its product line by including an innovative and diverse suite of Total Coating Solutions™ and Trend Beyond Colours™.
Further, Filipinos will have a better choice of color via Nippon's partners - hardware and home depot chains and paint centers that are equipped with a Nippon Colour Creations™ tinting machine that produces customized shades for clients. Known as "mini Nippon Paint factories", these machines can produce thousands of colors and on demand.
More on Asia's paints and coatings industry will be discussed at 14th Asia Coatings Markets on 4-5 November, 2014 in Yangon.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
14 Jul, 2014
