Kansai Nerolac To Invest Rs 600 Crore For Production Capacity Expansion (06-Sep-2010)
In a bid to augment its production capacity by 50% over the next three years, Kansai Nerolac Paints (KNPL) is planning to invest Rs 600 crore. The company will also invest around Rs 78 crore for brand-building and for increasing the number of paint stores in the country.
At present, the company has 100 colour stylers and 25 impression style zone outlets and plans to add nearly 150 and 40 more, respectively. Further, the company has appointed Bollywood superstar Shah Rukh Khan as brand ambassador for promoting its eco-friendly paints.
Kansai Nerolac Paints is engaged in the industrial, automotive and powder coating business. The company’s brands include Impressions, Beauty, Excel and Surakhsa.
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