We all remember the iconic Sunil Babu ad, wherein a man praises Sunil Babu by using the popular phrase “Badhiya Hain”, for how good his house looks over the years even though other things changed. The ad is for Asian Paints, India’s largest paint company and third largest paint company in Asia. It was founded in 1942 and is headquartered in Mumbai.
Asian Paints, with revenue of ten thousand crores, can boast of a healthy profit of around 900 crores.
Asian Paints operates in 17 countries across the world. The company has a dedicated Group R&D Centre in India and has been one of the pioneering companies in India for effectively harnessing Information Technology solutions to maximize efficiency in operations.
Asian Paints has a slew of
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Also the constantly deprecating rupee is a huge cause of concern for Mr. Anand and Asian Paints. All these issues made his dream look even more impossible. But there is always light at the end of the tunnel.
Lets look at a few initiatives and projects that Mr. Anand has undertaken or wants to begin with in the near future. We will also look at some of his and subsequently the company’s achievements in the recent past. 1. Asian Paints managed to grow at par with the industry rate in FY’13 2. Net sales rose to Rs. 10906 cr. In FY’13 as compared to Rs. 9598 cr. in FY’12 3. Manufacturing capacity has been increased substantially since the last year with a new plant in Khandala, Maharashtra set up with initial capacity of 300 thousand kl per annum 4. The capacity of the Rohtak plant was also increased to 200 thousand kl per annum 5. There is a full fledged R&D set up at Turbhe with over 200 scientists working on new projects
Also, 1. Mr. Anand aims to develop two joint industrial ventures (with PPG Inc USA) and ensure that they become leading paint suppliers in respective markets 2. As was the dream of Mr. Anand when he took up the position as MD & CEO, to enter into the home décor segment, Asian Paints has acquired Sleek International Pvt. Ltd. (an Indian brand in modular kitchens) 3. This acquisition worth Rs. 120 cr and a 51% stake in the company, will mark the company’s strategic
Asian Paints is India’s largest paint company and Asia’s third largest paint company, with a turnover of Rs 127.15 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans.
Forbes Global magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world' in 2002 and 2003 and amongst the top 200 'Under a Billion Firms' of Asia in 2005.
These expansion plans will result in the creation of 12 additional jobs. This project was designated as a Southern Tier priority project under the URI/CFA process.
3. Is there any plant for which it may be worth adding a million kg of additional capacity at a fixed cost of $3M per year?
stateof-the-art production facility was set up at Chakan near Pune with an investment of Rs. 35 billion to
* Stage 2 construction has completed, which increased its production from 2.6 Mlb to 3.7Mlb.
Additionally, there are strong agent and the media of advertising in the Air Asia. They constantly have some promotions to
This was Bharat Vikas Group’s first project. This is the biggest example which highlights the company’s ability to learn quickly while on the job. Bharat Vikas Group had no prior experience in this field.
After thought of this company and the most necessary attributes and properties possessed by and upkeep of worldwide markets I trust that the company has a brilliant future because of the advancement it has come to, yet require more exertion, work also planned and development to maintain a strategic distance from Dangers and issues that confronting the company later on.
China's demand for paint has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. Paint Markets in China examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2003, 2008 and 2013) and long-term forecasts through 2018 and 2023 are presented. Major producers in China are profiled
SABIC’s production was 6.5 million metric tons in 1985. Five years later production rose to 13 million tons; by 2003 production had risen to 42 million metric tons; it reached 56 million metric tons in 2008 and it is planning to raise its production to over 130 million tons by 2020 through various strategies such as local expansions, acquisitions, and joint ventures.
With a better product range on offer now, APIL is just waiting for a greater awareness of industrial paint applications to develop in the Indian market; the presumption is that the demand for this particular product is still latent. For its decorative paints, the company has gone in for differential pricing to encourage all segments of the market.
The industry is segmented into decorative and industrial paints. This Segmentation is based on the type of Use. While the decorative paints have a lion’s share with almost 70% of the entire industry, the industrial paints segment covers only the remaining part of the market. When this is the case of India, the global side is just the opposite giving the industrial paint manufacturers enormous growth opportunities.
• For each of the 10000 shares of Rs.10 each in Krishnan Ltd,2 shares in Raman
* Largest welding facility in India with 800 machines (100 km welding capacity per day).