October 12, 2008

Nippon Paint to invest USD 25 million in Pakistan

Business Recorder reported that Nippon Paint will be investing USD 25 million in Pakistan over the next 3 to 5 years, which will include a manufacturing facility in District Kasur near Lahore.

Mr Samad Zaheer GM of Nippon Paint Pakistan said that "Today marks the beginning of a new era in Pakistan's paint industry. From today, the Japanese technology and quality of Nippon Paint will transform the Pakistan paint industry into something more vibrant and colorful and it is a proud day for Nippon Paint. With a young population and a growing economy, we see huge potential in Pakistan. Our research shows that consumers in Pakistan believe in Nippon Paint and consider us a brand of superior quality. We look forward to introducing Pakistan to a new concept in painting."

Currently, Nippon Paint has already signed agreements with the key paint dealers in Lahore, Sialkot, Faisalabad, Gujrat, and Sargodha districts and plans to quickly spread their presence to north and south regions of Pakistan. Authorized dealers will be equipped with Nippon Paint color creation which is an innovative computerized paint system, which allows the consumer to choose from more than 3,000 color choices and have the selected color available within minutes.

Japan based Nippon Paint enjoys a reputation for innovation and manufacturing functional, environment friendly and aesthetically superior products.