Asian Paints operates 24 manufacturing facilities across the globe. The largest share is in South Asia where the firm runs 12 plants spread throughout India, Sri Lanka, Nepal and Bangladesh. There are five plants in the Middle East in Egypt, Oman, Bahrain and Dubai. One facility is operated in South East Asia in Singapore. In the South Pacific islands of Fiji, Vanuatu and Samoa, Asian Paints runs three plants. Lastly, in the Caribbean, Jamaica, Barbados, and Trinidad and Tobago each are home to a facility.
Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings and Taubmans.
During the year, Asian Paints began the process of forming a second 50:50 joint venture with PPG, which will focus on protective coatings, light industrial coatings, industrial container coatings and powder coatings in the Indian market. This joint venture will leverage the market presence and access of Asian Paints in the domestic market with the global scale and technology of PPG. Asian Paints will have effective management control of this JV.
Asian PPG Industries Limited (APPG), the existing 50:50 JV with PPG in the area of transportation coatings which was formed in 1997 will now additionally cover marine coatings, consumer packaging coatings and other liquid industrial coatings segments. PPG will have effective management control of this JV.
Also during the year, Asian Paints said it is investing approximately $22 million to set up a new paint plant in Khandala, Maharashtra, India.