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.
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