Nippon Paint has taken a significant stride in expanding its footprint in the Indian market with the complete acquisition of VIBGYOR Paints and Chemicals Pondicherry. The strategic move positions Nippon Paint as a major player in the industrial coatings sector, with a specific focus on bolstering its offerings for the Indian Railways.
VIBGYOR Paints and Chemicals Pondicherry will now operate as a division of Nippon Paint India. The acquisition is designed to capitalise on VIBGYOR's established expertise in providing top-notch paints to Indian Railways.
Sharad Malhotra, Director and President (Automotive Refinishes) at Nippon Paint India, expressed enthusiasm about the acquisition, stating, 'The acquisition of VIBGYOR Paints and Chemicals marks a step forward in our India growth strategy. Besides helping us gain a strong foothold in the Indian Railways, this acquisition also enables us to expand our commercial vehicles and industrial paints business in the country.'
VIBGYOR Paints and Chemicals Pondicherry has carved a significant niche in the Indian paint market, particularly through its robust track record of supplying paints to Indian Railways and associated manufacturing entities. The company's manufacturing unit in Ranipet, Tamil Nadu, strategically positioned with ample production capacity, is well-poised to meet the growing industrial demand.
By becoming a division of Nippon Paint India, VIBGYOR gains access to Nippon Paint's technological advancements, supply chain strength, and marketing capabilities. This strategic alignment is anticipated to further enhance VIBGYOR's position as a leading paint brand in India.
The acquisition underlines Nippon Paint's commitment to innovation and growth in the Indian market. As the company continues to strengthen its presence, this strategic move is poised to contribute significantly to its expansion into new sectors and solidify its position as a key player in the coatings industry.
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