GOODLASS NEROLAC PAINTS
Article Abstract:
In the industrial paints sector, the Tata group company, Goodlass Nerolac Paints Ltd (GNPL), has a market share of 43 percent. Industrial paints account for 80 percent of the total output of GNPL. It also makes decorative paints and organic and inorganic pigments. It has tied up with Kansai Paints of Japan to offer a complete range of industrial paints. It has another technical collaboration with Du Pont to manufacture polyurethane paints, used for painting plastic surfaces in automobiles. In the original equipment manufacturing (OEM) segment, GNPL has a market share of 70 percent in the passenger cars industry, 40 percent in the 2-wheelers industry and 20 percent in the commercial vehicles industry. In the decorative paints segment, it has the Allscapes brand of emulsions and Super Acrylic Distemper of distempers. In exterior paints, GNPL recently launched its acrylic exterior paint, Excel. In 1997- 98, GNPL recorded 7.3 percent growth in its sales and 28.6 percent rise in net profit. (gsh)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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ASIAN PAINTS SPLITS MANUFACTURING OPERATIONS INTO 3 STRATEGIC UNITS
Article Abstract:
Asian Paints (APL) has restructured its manufacturing activities into three strategic business units (SBUs) on the recommendations of Booze Allen & Hamilton. The three SBUs are Decorative India, Decorative International and the third company with chemical and industrial paints. The company plans to focus on international business in the next five years. Its international business fetched Rs45 crore in 1997 which is projected to grow at a compounded annual rate of 60 percent. It will account for 15-20 percent of the turnover by the year 2003. AP plans to acquire paints business in global markets, especially in Asia and Africa. It has set a sales target for Rs2,500 crore to Rs3,000 crore and an annual growth rate of 24 percent for 2003 AD. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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