Delhi, NCR/Bawal 10th November 2023- Krishna Resins & Pigments Pvt. Ltd, a prominent player in the paint industry, has announced a strategic manufacturing partnership with Nippon Paint (AR Division) to establish NPK Colorants Pvt Ltd. This collaboration marks a significant milestone in the paint manufacturing sector
NPK Colorants Pvt Ltd, an independent paint manufacturer, inaugurated its state-of-the-art production facility at Bawal, Haryana. This factory will be a 100% captive production unit for Nippon Paint Automotive Refinish. The manufacturing arrangement between the two is a strategic move to meet the growing demand for automotive refinish paints. Leveraging this, NPK Colorants aims to set new industry standards in paint manufacturing.
Highlighting the collaborative spirit between government bodies and private enterprises working towards industrial growth and development, the inaugural ceremony of the new manufacturing facility was graced by the Shri Om Prakash Yadav, Hon’ble Minister of Social Justice and Empowerment, Government of Haryana.
Speaking at the occasion Mr. Sharad Malhotra, Director and President of Nippon Paint Automotive Refinishes said “We are happy that the growth in our business is accelerating the development of our partner ecosystem and we are committed to strengthening our roots in Haryana and India.”
According to Mr. Nitin Khanna, Managing Director of the Krishna Group “We are delighted to dedicate this factory to our long-term customer and partner Nippon Paint and we will ensure that this factory meets the quality and volume requirements of Nippon Paint.”
The new facility is poised to become a hub for automotive refinish paint manufacturing, integrating the best practices of Nippon Paint on a global scale. This initiative reflects the commitment of both Krishna Group and Nippon Paints to technological advancement, sustainability, and meeting the evolving needs of the market. NPK Colorants Pvt Ltd aims to contribute significantly to the local economy by generating employment opportunities and fostering skill development. The project aligns with the ‘Make in India’ initiative, promoting indigenous manufacturing and positioning Bawal as a key hub in the paint manufacturing landscape.
As the paint industry continues to evolve, Krishna Group and Nippon Paint are confident that this strategic manufacturing venture will drive innovation, set industry benchmarks, and pave the way for sustainable growth. This will also signify a collective commitment to excellence, customer satisfaction, and the advancement of the paint manufacturing sector. Dr HBS Lamba also Grace the opening ceremony.
Krishna Resins & Pigments Pvt. Ltd
Krishna Resins & Pigments Pvt. Ltd. An ISO 9001:2000 Company has been a part of Krishna Group of companies since 1965 having its network all over India & manufacturing units in Gurgaon & Mumbai. A prominent name in manufacturing Alkyd Resins, Wood Coatings, Wire Enamels, Baking Varnishes, Air Drying Varnishes, and Paint Driers, the company is backed by an industrial experience of over two decades. The products find application in diverse industries for use in resins, wire enamels, wood coatings, and paint driers. The products are tested for their quality and their prospective effect on the environment and the wide distribution network and a sound infrastructure ensure the spread across the country.