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Techno Paints to set up manufacturing plant in Hyderabad

Tuesday, 24 Aug 2021
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Techno Paints has announced plans to set up a new Rs 75 crore manufacturing plant for super premium paints at Cheryal near Hyderabad, Telangana.
The company is in talks for collaboration with an Italian paint major. It has decided to scale up capex for a new plant from Rs 25 crore to Rs 75 crore. 
The proposed fully-automated plant, sixth one for the company, will have capacity of two lakh tpa. 
Phase-I will have a capacity to make 1.5 lakh tonne, while Phase-II will add 50,000 tonne. The company is at an advanced stage of closing its funding from banks and a private equity fund. The plant is expected to generate 200 new jobs. 
The company expects to manufacture super premium environment-friendly coatings, decorative paints, special texture finishes, luxury and ultra-luxury emulsions and designer finishes. The unit will also have a facility for metal, wood primers and wood finishes. 
The company is re-entering retail business in South India and will gradually expand it to pan-India.
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