Business Daily from THE HINDU group of publications
Tuesday, Jul 22, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 22, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Outlook Jotun shifting powder wing to Pune Our Bureau Pune, July 21 Doubling its turnover, shifting out of the Daman premises and ramping up the outlet count in the country are some of the initiatives being taken by Jotun Group, a player in the paint segment. Talking to presspersons, Mr Claes Jansson, Managing Director, Jotun India Pvt Ltd, said it would be shifting the entire powder division from the Union Territory of Daman to Pune. Two lines have been set up in the Pune facility and two more would be shifted out from Daman by August-end, he said. The Daman facility has been in existence for the past four years. It manufactures around 10,000 tonnes of powder. The Pune facility is located at Ranjangaon and has been set up with an investment of $25 million. Installed capacityThe commercial production of paints from this facility began in June this year and has an installed capacity of 50 million litres in wet paint. The facility is spread over 61,000 sq m and has a built-up area of 18,000 sq m. He noted that the full capacity utilisation would happen in the next five years. The group in India would cater to the industrial, marine and decorative segments. Outlet plansHe said it was also adding another 30 outlets in the South and West markets. The company has 104 operational outlets, 14 are in the pipeline and the remaining would be ready by the end of the current calendar year. The outlets are mainly in Maharashtra, Tamil Nadu, Karnataka and Goa. More Stories on : Outlook | Paints
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