Expansion6 Feb 2025, 01:15 am
Kansai Nerolac Paints to Increase Auto Paints Capacity by 4200 KL/Annum
AI Summary
Kansai Nerolac Paints Ltd. has approved a proposal to increase the capacity of auto paints at its Sayakha plant by 4200 KL/annum. The existing capacity is 11940 KL/annum with a utilization of 84%. The investment required for this capacity addition is Rs. 41 Crores, which will be financed through internal accruals. The rationale behind this decision is the estimated growth in the automotive paint industry.
Key Highlights
- Kansai Nerolac Paints to increase auto paints capacity by 4200 KL/annum
- Existing capacity at Sayakha plant is 11940 KL/annum with 84% utilization
- Investment of Rs. 41 Crores required for capacity addition
- Capacity expansion to be financed through internal accruals
- Decision based on estimated growth in automotive paint industry