Asian Paints looks to boost manufacturing capacity
In a filing to the BSE, the paints major said that the company was proposing to increase its water-based paint manufacturing capacity at its plant situated at Sriperumbudur, Tamil Nadu from 1.4 lakh KL per annum to 2 lakh KL per annum.
Asian Paints is also proposing to alter its product mix to augment the manufacturing capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar by 35,000 MT. Both proposals would be subject to necessary approvals.
"The details of the capital expenditure for the aforementioned expansion would be intimated on receipt of necessary approvals from the regulatory authorities," said the Asian Paints filing.