Nerolac Paints
Kansai Nerolac Paints Ltd (BSE: 500165, NSE: KANSAINER) (formerly known as Goodlass Nerolac Paints Ltd) is largest in industrial paint and second largest decorative paint company based [3][4][5] [6] in Mumbai. It is a subsidiary of Kansai nerolac paints, JAPAN. It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries
History[edit source | editbeta]
1920 : It started as Gahagan Paints & Varnish Co. Ltd. at Lower Parel in Mumbai.
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1957 : Goodlass Wall Pvt. Ltd. grew popular as Goodlass Nerolac Paints (Pvt.) Ltd. Also, it went [8] public in the same year and established itself as Goodlass Nerolac Paints Ltd. . 1976 : Goodlass Nerolac Paints Ltd.GNP) became a part of Tata Forbes Group on acquisition of a [9] part of the foreign shareholdings by Forbes Gokak. . 1983 : Goodlass Nerolac Paints Ltd. strengthened itself by entering in technical collaboration [10] agreement by Kansai Paint Co. Ltd., Japan and Nihon Tokushu Tokyo Co. Ltd., Japan. 1999 : Kansai Paint Co. Ltd. , Japan took over the entire stake of Tata Forbes group and [11] thus GNP became wholly owned subsidiary of Kansai Paint Company Ltd. 2006 : On 11 July, Goodlass Paint Ltd. name has been changed to Kansai Nerolac Paints Ltd.
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Company Overview[edit source | editbeta]
Kansai Nerolac Paints has 5 paint manufacturing plants and about 67 contract manufacturers. The Nerolac owned plants are at 1. Jainpur (Uttarpradesh) 2. Bawal (Haryana) 3.Lote, Chiplun (Maharastra) 4. Chennai (Tamil Nadu) 5. Hosur (Tamil Nadu) Kansai Nerolac Paints Ltd. has entered into many technical collaborations with other industry leaders [9] such as E.I. Du-products. The Mumbai-based company is the leader in the industrial paints segment with a market share of over [13] 40%. It is the third-largest player in the decorative paints segment with a modest market share of 13%. [14] Nearly 75% of the Indian paints industry consists of the decorative segment.
Parent Company[edit source | editbeta]
Kansai Paint was founded by Katsujiro Iwai in Amagasaki City, Japan on May 1918. Kansai Paint is a comprehensive manufacturer of paints and coatings. The Products include- Automotive Coatings, [16] Industrial coatings, Decorative coatings, Protective coatings and Marine Coatings. They are also [16] present in U.K., Turkey, U.S.A, Canada, Mexico,UAE.
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Products and Services[edit source | editbeta]
Technologically innovative products are the company's hallmark. Kansai Nerolac Paint offers [17] differentiated products with a focus on being eco-friendly and healthy. Kansai Nerolac Paints key products and brands includes the following:
Decorative Paints: Interior wall paints, Exterior wall paints, Wood surface paints and Metals surface [18] paints. Automotive Coatings :Pre-Treatment Chemicals, Electrodepostition. Intermediate Coats/Primer Surfacers, Topcoats, Clear Coats, Touch Up Paints, Auto Refinishing Products, Heat Resistant [18] Paints, Underbody Paints & PVC Sealants & Rapgard Transit Protection Films. Performance Coatings: Performance Coating are available for wide range of products. For household appliances and metal fittings in factories, there is a comprehensive range of general industrial coating systems like P.T. chemicals, Primers and lacquers, Coil Coat, Heat Resistant Paints & Metal Decoration Coatings. Powder Coating is now increasing in popularity because of its high quality, resistance to corrosion, the apparent ease of application and the environmental [18] friendliness of the technology.
Awards and Achievements[edit source | editbeta]
Golden Peacock Environment Management Award, 2005.
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Short listed for the Best Managed Company Award from Business Today & A.T. Kearney 2005.
Best Vendor Award from customers like Toyota Kirloskar Motors Ltd.(TKML) for Cost and from Maruti [21] Udyog Ltd.(MUL) on overall commendation. Awards for Marketing Initiatives like Cannes 2007 Bronze for Press Ad. Reader's Digest Trusted Brands Gold Awards, 2008.
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Product of the Year Award 2010 for Nerolac Excel April 2010.
Product of the Year Award 2011 for Nerolac Excel Total with Heat-Guard Technology April 2011. Sustainability Award for outstanding contribution by Mahindra & Mahindra October 2011.
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Best Vendor Performance Award in Paint Supplier's Category by Honda Motors cycles & scooters at [21] their annual conference 2012. ASAPP Media Information Group Construction World Magazine Ranked Kansai Nerolac Paints First
Asian Paints
Asian Paints Limited is an Indian chemicals company headquartered in Mumbai, India. It manufactures a wide range of paints for decorative and industrial use. Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 96.32 billion. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans.
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History[edit source | editbeta]
Asian Paints was established on February 1, 1942 by Champaklal H. Choksey, Chimanlal N. Choksi, Suryakant C. Dani and Arvind R. Vakil. They name their company 'The Asian Oil & Paint Company', a [citation needed] name that picked randomly from a telephone directory .
1945 Asian Paints touches a turnover of Rs. 3,50,000
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1957 66 The family-owned company makes the change to a professionally managed organisation.British company Balmer Lawrie rejects the products of a giant British paint company in [citation needed] favour of Asian Paints.
Major Products and Services[edit source | editbeta]
Asian Paints manufactures and markets industrial and decorative coatings. Along with that the company also provides home painting services and solutions. The company's key products and brands include the following: Decorative paints: Interior wall paints, Exterior wall paints, Wood surface paints, Metals surface paints. Industrial coatings: Protective coatings, Floor coatings, Road markings.
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Ancillaries: Wall primer, Acrylic Wall Putty, Exterior Wall Putty, Wood Primer.
Asian paints made a foray in automotive paints in the year 1997 with a joint venture with PPG Industries. [7] The joint venture is called PPG Asian paints. The company manufactures body coatings and plastic coatings. Paint brands owned by the company are: Ace & Apex, Apcolite, Apex, Apex Ultima, Asian Paints, Colour Next, Premium Gloss Enamel, Royale, Royale Play, Touchwood, Tractor Emulsion, Utsav.
Financial Deals[edit source | editbeta]
Asian Paints has acquired 30% stake in Dutch Boy Philippines from Berger International Limited (BIL), an indirect subsidiary of Asian Paints. Asian Paints executed a conditional stock purchase agreement relating to the sale of 427,000 shares of Dutch Boy Philippines, which ceases to be an associated company of BIL. Asian Paints, Ltd. (APL) has entered into a 50:50 new joint venture agreement with PPG Industries, Inc. (PPG), a US-based provider of paints, coatings and speciality products, to accelerate the growth of non-decorative coatings business in India. This is the second joint venture between APL and PPG. They currently have a 50 50 joint venture named Asian PPG Industries Ltd (APPG). APL and PPG have agreed that APL will take lead in the second venture, while PPG will take lead in APPG in order to utilise their respective strengths to best capture the growth in infrastructure development and globally driven markets in India. APPG currently services the Indian transportation coatings market and this change will expand its scope to additionally service the industrial liquid, marine and consumer markets. The second joint venture will service the protective, industrial power, industrial containers and light industrial coating markets. The transaction is subject to regulatory approvals and is expected to be completed during 2011. It has recently acquired 51% in Sleek International Private Limited and is looking to have a stronghold in home improvement.
Sales[edit source | editbeta]
Most of its revenue from outside India come from the Middle East.
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Revenue[edit source | editbeta]
The company recorded revenues of INR77,888.7 million (approximately $1,708.1 million) in the fiscal year ended March 2011, an increase of 14.2% over 2010. The company's operating profit was INR13,956 million (approximately $306.1 million) in fiscal 2011, an increase of 2% over 2010. Its net profit was INR8,432.4 million (approximately $184.9 million) in fiscal 2011, an increase of 0.9% over 2010.
