 "Berger Paints partners with Japan's Chugoku for marine coatings market")
The Kolkata-based Berger Paints India Limited and Chugoku Marine Paints Ltd (CMP) of Japan have entered into a memorandum of understanding (MoU) for cooperation and collaboration in the field of marine and related industrial paints in India.
The MoU envisages joint efforts in marketing, supplying and purchasing marine related industrial paints. Subsequently, as their final objective, two companies may consider establishing a joint venture company, said Berger Paints in a press release.
Through this alliance, Chugoku aims to establish a strong presence as a leading marine paint manufacturer in India, a country the world expects as the next growth centre following China. “Chugoku looks forward to the partners jointly becoming leading players in marine coatings in India and the neighbouring region,” explained Masataka Uetake, president & CEO, Chugoku Marine Paints.
Abhijit Roy, CEO, Berger Paints, added, “Chugoku and Berger together have considerable strength in technical expertise, product, market knowledge and relevant skills and infrastructure and these are expected to considerably benefit the territory’s market requirements.”
Since its establishment in 1917 Chugoku Marine Paints has uniquely developed marine coatings as a core product and is one of the global leaders in the area.
Berger Paints India Ltd is the second largest paint company in India with a gross turnover of more than Rs 5,000 crores. Berger is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.
Last month, Berger Paints commenced commercial production of its automotive & general industrial paints production plant at Jejuri near Pune (Maharashtra). The company plans to increase the capacity of the new plant from present 4,800 kilolitre (KL) per annum to 24,000 KL per annum in phases.
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