Berger Paints partners with Japan's Chugoku for marine coatings market

Through this tie up, Chugoku aims to become one of the leading firms in Indian marine paints market

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Marine paints

Rakesh Rao Mumbai

Last Updated : Apr 12 2017 | 11:53 AM IST

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.

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