DIFFERENT STROKES
Article Abstract:
ICI Paints, which ranks third after Asian Paints and Goodlass Nerolac, has started a range of activities in an attempt to become the number one paints company in India. It plans to expand its reach by restructuring its distribution network, make its marketing more consumer benefit-oriented and enhance the efficiency of its supply chain. The company has also launched plenty of products in the last two years. It has introduced SuperCote texturised exterior emulsions in the exterior paints segment and Farco Primer, Distemper and Cement Paint in the popular segment. It has introduced new brands like Dulux Velvet Touch Enamel, Dulux Universal Stainers and Dulux Colour Solutions in the top decorative segment. The company plans to launch 4-5 more brands in 1998-99. ICI Paints has an installed capacity of 20 million tonnes near Chandigarh, 20 million tonnes at Thane near Mumbai and 15 million tonnes at Rishra and Hyderabad. It has a technology tie-up with Herberts of Germany for original equipment manufacturer automobile paints. ICI Paints has projected a 20 percent growth every year henceforth. It now accounts for 43 percent of the Rs850 crore turnover of ICI Ltd. (khr)
Comment:
Plans to expand its reach by restructuring distribution network & make its marketing more consumer benefit-oriented
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
GOODLASS NEROLAC NET UP 28.64 PC
Article Abstract:
Goodlass Nerolac Paints Ltd (GNPL) has declared a net profit of Rs31.21 crore for the year ended March 31, 1998, registering a growth of 28.64 percent. GNPL, a market leader in automotive paints, posted a 6 percent growth in its gross sales for the year to Rs489.02 crore. Its net sales for 1997-98 were at Rs403.23 crore. A decline in its interest costs to Rs8 crore from Rs8.12 crore in 1996-97 and lower depreciation and tax provisions helped GNPL to increase its net margins by 128 basis points to 7.73 percent for 1997-98. GNPL has declared an increased dividend of Rs6.5 per share as against Rs6 per share paid in 1996-97. (rs)
Comment:
Declares net profit of Rs31.21 crore for the year ended 3/31/98, registering a growth of 28.64%
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
BUDGET COATS PAINT INDUSTRY WITH 8% DUTY
Article Abstract:
The government has announced an additional eight percent customs duty on inputs for paints, which will hike the input costs by two percent of the industry. Indian paint industry imports 55 percent of its raw materials. The recent depreciation of the rupee has already caused a hike in import prices. The rate of duty for titanium dioxide is 40 percent and duty on finished product is 30 percent only. The Rs5,000 crore Indian paint industry has posted a growth rate of 10 percent to 12 percent in 1997-98. (rk)
Comment:
India: Govt will introduce additional 8% customs duty on inputs for paints, which will hike input costs by 2% of the industry
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: CVIL TO REVERT TO MADURA COATS MADURA COATS NET UP 29%, TO PAY 17.5%. MADURA GARMENTS TO DRESS UP CASUAL WEAR SEGMENT
- Abstracts: JAYSHREE TEA & INDUSTRIES KALASA TEA BREWS 46% HIGHER NET PROFIT THE PERIA KARAMALAI TEA & PRODUCE CO LTD
- Abstracts: PRUDENTIAL-ICICI: A PRUDENT OFFER NADAR MAKES OPEN OFFER TO ACQUIRE STAKE IN 3 AILING COs
- Abstracts: INDIAN OVERSEAS BANK INDIAN BANK POSTS Rs302-CR NET LOSS
- Abstracts: BOOST SOME, DUMP SOME TATA Cos INK PACT TO BOOST BRAND EQUITY. CHIP OF THE TRUE TATA BLOCK