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Jotun begins work on new production facility in Qatar
03 May 2021 - 9:38
The Peninsula
Jotun, one of the world’s leading paint and coatings manufacturers, reconfirms commitment to Qatar with the announcement of a new production facility to be built in the New Industrial Area in Doha, Qatar.
The factory will be completed by Q4 2021 and can produce up to 20 million litres of paint annually. This new production facility is Phase 1 of a multi-phase investment plan Jotun has for Qatar in the coming five years. The factory will be built to maximize employee training and development, manufacturing capacity and product innovations, underscored by environmentally friendly practices to develop high quality paint solutions for the country.
Kansai Nerolac eyes expansion in Bangladesh
The Japanese paint maker will inject Tk 16cr into its subsidiary
The local market for paint is not enormous but the future is good as consumption is increasing with economic development. Star/file
Japanese company Kansai Nerolac will invest Tk 16 crore in its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly known as RAK Paints), to expand its business and grab a bigger piece of the growing South Asian market.
Having entered the Bangladesh market in mid-2018, the East Asian paint maker on Friday announced to have subscribed to 1.65 crore equity shares of the subsidiary.