Asian Paints announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to set up a white cement plant in the UAE in partnership with two local firms there.

Spanish pharma player Chemo Pharma will be injecting an additional investment of over 100 crore in setting up a second production line for finished dosage forms (FDF) at their existing Hyderabad facility, the state government.

Vibgyor Paints And Chemicals Pondicherry awarded contract for two component pu based sound insulating paint to rcf specn.mdts-076, rev.02.

Asian Paints Ltd will invest Rs. 960 crore to expand the manufacturing capacity of its facility at Ankleshwar in Gujarat. The company has signed a memorandum of understanding with the Gujarat government for the proposed expansion of manufacturing capacity of paint, resins and emulsions.

The company is in talks with the Andhra Pradesh government for its expansion project in Visakhapatnam. Asian Paints is increasing its capacity from three lakh to five lakh kilolitres, which makes it one of the world’s largest paint factories. It started the first phase of commercial production in January 2019 with an investment of Rs. 1,350 crore.

Building material maker Kamdhenu Group plans to invest Rs. 200 crore for expanding its paints business, as it aims to garner a revenue of Rs. 1,000 crore from the paints segment over the next five years. The move will be taken after the demerger of the paints division into a separate entity.

The paints major plans to invest around Rs. 100 crore to manufacture construction chemicals and putty. Berger has received in-principle approval for 22 acres of land from West Bengal Industrial Development Corporation. The plant would be Berger’s third unit in West Bengal.

Taking on well-established players like Asian Paints and Nerolac, the Aditya Birla Group's Grasim will foray into the paints business with an initial investment of Rs. 5,000 crore over the next three years. Kumar Mangalam Birla, chairman of the group, said paints is a strategic portfolio choice for Grasim.

The countrys largest automotive paints maker plans adding 40,000 litres capacity at its Amritsar plant and would invest Rs. 450 crore in capital expenditure, most of which will be spent this year.