Three new plants to be built by Techno Paints

14 Apr 2023 CW Team

The city-based paint manufacturer Techno Paints announced that it was building three additional factories to produce cement putty, textures, primers, and emulsions in Visakhapatnam, Chittoor, and Katni in Madhya Pradesh.

Each facility will have a 30,000 metric tonne yearly capacity in the initial phase. The new plants will cost us Rs 460 million. Debt financing is being used by the business. Banks are prepared to make loans.

With three factories in Telangana and one in Andhra Pradesh, Techno Paints currently has a total annual capacity of 2.50 lakh metric tonnes.

Techno Paints is growing its retail network all throughout India in order to achieve its goal of being one of the leading players in the country's painting industry.

The company was working diligently to carve out a niche for itself in the retail painting market. The company had more than 20 years of expertise carrying out significant corporate and governmental painting projects.

Also read:
Adanis accelerates ACC-Ambuja integration to unlock synergies
Cement industry sees record growth amid booming construction demand

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