This is to inform you that Berger Paints Emirates Ltd Co (L.L.C), UAE, a step-down subsidiary of Asian Paints International Private Limited, Singapore, a wholly owned subsidiary of the Company, proposes to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (approximately INR 340 crores), having an initial capacity of 55,800 KL per annum. The facility will be spread across 100,000 sqm within Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi, UAE.
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Asian Paints' step-down subsidiary Berger Paints Emirates Ltd (UAE) plans to build its second paint manufacturing facility in the UAE with an investment of AED 140 million (around INR 340 crores). The greenfield plant will have an initial capacity of 55,800 KL per annum and will be located on a 100,000 sqm plot within KEZAD, Abu Dhabi. The project will be executed through Berger Paints Emirates, which is a step-down subsidiary of Asian Paints via its wholly-owned Singapore arm. This marks the company's capacity expansion push in the Middle East market.
The INR 340 crore capex is relatively modest for Asian Paints given its large networth, so the financial impact is limited. However, it strengthens the company's Middle East footprint and supports long-term revenue growth from the region.