Berger Paints to invest Rs 100 cr in Jejuri plant

PTI

Berger Paints is looking to expand its Jejuri plant near Pune at an investment of Rs 100 crore by next fiscal and also double revenue within five years.

The company has taken up a capacity expansion programme to enhance production substantially at the plant, the company's Managing Director and CEO Abhijit Roy said today.

As of now, the plant's capacity is 12,000 tonnes which will be increased to 22,000 tonnes, he said.

"We are investing about Rs 100 crore," Roy told reporters after the company AGM here.

In its Hindupur plant also, the company is investing Rs 240 crore over the next 3-4 years to double their capacity.

With the expansion plans the company plans to double its revenue in five years, he said.

The firm's new plant near Tezpur in Assam will start production from January 2017.

Roy further said the company has invested Rs 100 crore in the plant spread over six acres which will cater to the demand in North Eastern states.

The factory will produce an entire range of products including water-based, solvent-based and dry products such as putty and distemper.

The company has also renewed its contract with actress Katrina Kaif who will be the brand ambassador for another three years, he added.