ASIAN PAINTS (INDIA)
Article Abstract:
Asian Paints (India) - APL - is India's largest paint company with a market share of 35 percent. It earns around 89 percent of its revenues from paints and 9 percent from sales of phthalic anhydride (PAN) and pentaerythritol. APL has consolidated its position in the decorative paints segment, with most of its earnings coming from enamels and varnishes. It has plants at Bhandup, Ankleshwar, Patancheru and Kasna. They have a combined production capacity of 118,900 tonnes per annum (tpa). In the premium segment, APL markets the Royal brand. In the middle segment, it markets the Apcolite brand. In the lower segment, it markets the Gattu, Tractor, Utsav and 3 Mangoes brands. Its exterior wall finish brands include Apcolite Apex and Utsav Distemper. In 1997-98, APL recorded 8.7 percent growth in its sales and 22 percent rise in net profit. In the first quarter of 1998-99, its the sales rose by 13.6 percent. (gsh)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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ICI INDIA
Article Abstract:
ICI India (II) is a major player in paints, explosives and rubber chemicals sectors. Together these products account for three-fourths of its revenues. Its other products are pharmaceuticals, surfactants, polyurethanes and catalysts. Recently, II withdrew from the fibres, fertilisers, seeds and agro-chemicals businesses as part of its UK parent's restructuring strategy. II's main product line consists of automotive coatings. Its major brands are Weathershield, an external paint with a 5- year guarantee, and Duette, a premium emulsion coating. Recently, II commissioned a manufacturing plant in Mohali. It has a production capacity of 20 million litres of paints. In the first quarter of 1998-99, II's sales volume growth rose by 14 percent in paints, 18 percent in surfactants, 81 percent in polyurethanes, 32 percent in acrylics and 35 percent in explosives. (gsh)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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