Kansai Nerolac Paints — a subsidiary of Kansai Paints Company, Japan — started its operations officially in Nepal under the brand name Kansai Paints Nepal from today.
Kansai Nerolac Paints had acquired 68 per cent stake in Nepal Shalimar last year.
Kansai Paints Nepal will be utilising the manufacturing set-up of Nepal Shalimar to manufacture the Nerolac range of products that are currently imported in Nepal.
"With our presence in about 17 countries across the globe, it gives us immense pride to commence our operations in Nepal," said president of Kansai Paints Company Ltd, Japan Ishino during the official announcement ceremony here. The association will help us offer our international expertise and superior range of products to our consumers in Nepal, he added.
Kansai Nerolac Paints invested about Rs 125.8 million for the acquisition last year. The company has also lent Rs 102 million to fund the working capital requirement of Nepal Shalimar.
In tune with its parent company, Kansai Paints Nepal will place a strong focus on sustainable sensibilities. The brand will strongly advocate the use of no 'volatile organic compound' paints and promote healthy homes concept to consumers in Nepal.
Kansai Nerolac Paints has been at the forefront of paint manufacturing for more than 90 years, pioneering a wide spectrum of quality paints, according to the company that is the second largest paint company in India and is the leader in the industrial segment, with a turnover of Rs 30.20 billion.
The company has five strategically located manufacturing units in India that manufacture a diversified range of products ranging from decorative paint coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries. It also has a strong dealer network across the country.
"With the entry of Kansai Nerolac Paints in the Himalayan republic, the company aims to provide products that are not only best in performance, but also those that are safe and minimise the impact on the environment,” said managing director of Kansai Nerolac Paints, India HM Bharuka.