The expansion of the Mysuru plant aims to double the annual capacity to Six lakh liters.
In 2013 Asian Paints entered into a contract with Karnataka Government to invest Rs. 2300 crores to put up six Lakh kilo liters of water-based decorative paint in two phases. Accordingly, the company invested approximately Rs. 1254 Crores by the end of 2018 to build a 300,000 Kilo liter plant. However, when the preparation was on to expand the plant, the covid pandemic struck the world out of nowhere. Due to the pandemic expansion project was put off. We had reported this news in our earlier article
Expansion work has begun
With the world slowly getting back to business in 2023, and the Indian construction industry firing from all cylinders, the company has briskly started its phase two expansion work with an investment of Rs. 1031 Crores. It is a race against time for the company to quickly expand the paint capacity to capture the lion-share of the burgeoning demand for paint in South India.
Mysuru plant’s accomplishments
In the year 2020, the Mysuru plant was awarded a ‘Platinum’ rating under the IGBC Green Factory Buildings Rating System. Later that year, the plant was awarded
ISO 45001 quality certification. The plant also achieved a “five-star rating” in British Safety Council’s five-star rating audit conducted in FY 2022-23.
Rainwater harvesting – The Mysuru plant has met 34% of overall water consumption through rainwater harvesting and this, in itself is a big achievement. There is a constant effort to increase the consumption of rainwater harvested water.