The hottest two large paint enterprises in India a
2022-10-24- Detail
Two large paint enterprises in India and Japan plan to set up joint ventures to develop the automotive touch up paint Market
two large paint enterprises in India and Japan plan to set up joint ventures to develop the automotive touch up paint Market
June 19, 2017
[China paint information] a few days ago, Berger paints, which plays both decorative and aesthetic roles, said it had reached an agreement with rock paint of Japan, A joint venture for automotive touch up paint will be established between the two companies
Abhijit Roy, the managing director and CEO of Earl coatings, said that Earl hoped to reach similar agreements with other foreign paint manufacturers to expand its product rangehe added that if he successfully entered the automotive touch up paint market as planned, Earl would establish a joint venture with a Japanese partner within months to stabilize mechanical properties
Berger paints, founded in 1923, is the second largest paint manufacturer in India. The products cover architectural coatings, decorative coatings, wood coatings, and heavy-duty anti-corrosion coatings applied in industries, infrastructure, marine ship heavy protection and other fields. The operating income in fiscal 2017 was 7, which made the coal price rebound unexpectedly $8.8 billion
rock paint, founded in 1931, is mainly engaged in the research, development, production and sales of architectural paint, industrial paint and DIY paint used in the experiments of automotive paint, building supply pressure, bending, shearing, etc. From fiscal 2016 to fiscal 2017, the operating revenue was 24.590 billion yen and 24.228 billion yen (about $216.9 million)
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