Asian Paints Limited
Mumbai, India
www.asianpaints.com13
PUBLIC COMPANY
YEAR ESTABLISHED: 1942
REVENUE: $1.830 billion ; (2010: 1.930bn)
MARKETS SERVED
• Architectural coatings
• Industrial coatings
• Automotive coatings
KEY EXECUTIVES
KBS Anand, CEO; Vivek Subramanian, vice president, industrial, India; Amit
Syngle, vice president, architectural, India; Jalaj Dani, president, international
operations.
Asian Paints is India’s largest paint company and ranked among the top ten decorative coatings companies in the world with sales of $1.830 billion in 2011. Sales came
largely from the company’s architectural and decorative oper-
ations ( 90 percent) while its automotive and industrial coat-
ings sales ( 10 percent) made up the remaining. Established in
1942 Asian Paints operates 24 manufacturing facilities across the
globe. The largest share is in South Asia where the firm runs 13
plants spread throughout India, Sri Lanka, Nepal, Bangladesh and
Singapore. There are five plants in the Middle East in Egypt,
Oman, Bahrain and Dubai. In the South Pacific islands of Fiji,
Vanuatu and Samoa, Asian Paints runs three plants. Lastly, in the
Caribbean, Jamaica, Barbados, and Trinidad and Tobago each are
home to a facility. Subsidiaries include Berger International,
SCIB Paints – Egypt, Asian Paints, Apco Coatings and Taub-
mans. Asian Paints markets the following architectural brands
in India: Apex, Ace and Apex Ultima for exterior walls;
Royale, Tractor, Premium Emulsion, Apcolite and Utsav for in-
terior walls; Apcolite and Utsav for metal surfaces; and PU,
Melamyne, Apcolite and Utsav for wood. Asian Paints recently
expanded its production capacity at Rohtak (Haryana, India)
from 150,000 KL per annum to 200,000 KL per annum. This
plant can be further scaled to produce 400,000 KL per annum.
The Rohtak Plant was set up in April 2010. The other paint
manufacturing facilities of Asian Paints in India are located at
Mumbai (Maharastra), Ankleshwar (Gujarat), Kasna (Uttar
Pradesh), Patancheru (Andhra Pradesh) and Sriperumbudur
(Tamil Nadu). The company is also setting up a plant at
Kesurdi (Khandala) in Maharashtra.
The Comex Group
Mexico City, Mexico
www.thecomexgroup.com14
PUBLIC COMPANY
YEAR ESTABLISHED: 1959
REVENUE: $1.6 billion — (2010: 1.6bn)
MARKETS SERVED
• Architectural coatings
• Industrial coatings
• Automotive refinish coatings
• OEM (non-automotive)
KEY EXECUTIVES
Marcos Achar, CEO, Comex Group; Leon Cohen, president, Comex Mexico; Marcos Achar Meyohas, vice president treasurer; Elias Achar, vice president operations; Kent Child, president, U. S. and Canada.
Comex Group is the largest paint company in Mexico and with its combined U.S. acquisitions its revenue is approximately $1.6 billion. Roughly 75 percent of sales came from the ar-
chitectural segment, 15 percent from industrial coatings, five percent
from OEM (excluding automotive) and five percent from auto refin-
ish. As the leading paint producer in Central and South America and
the fourth largest architectural paint manufacturer in North America,
Comex serves professional and DIY customers through more than
3,300 locations from Canada to Panama. Comex Group’s wide range
of products are manufactured and marketed through a group of re-
gional companies. Comex Group’s companies in the U.S. and Canada
were formerly part of Professional Paint, Inc. (PPI). PPI was brought
into the Comex Group in 2004. PPI’s network of regional paint for-
mulators sell under different brands in the U.S. including Color Wheel
in Florida, Frazee in California, Kwal Paint in Colorado, Parker Paint
in the U.S. Pacific Northwest and General Paint in Canada. Comex’s
industrial line of paint, coatings and building products complement
PPI’s residential and commercial paint lines. Comex Group also op-
erates Comex Mexico and Comex Central America. In recent news,
one of Comex’s partner companies, Color Wheel Paint, a man-
ufacturer of paint and industrial coatings expanded into North
Carolina which marks significant growth and geographic ex-
pansion for the Florida-based brand. Color Wheel Paint offers
paints such as Flex Lox, Optima and Tropicoat; specialty lines
such as UltraCrete and Texturi; and a complete line of indus-
trial coatings. All Color Wheel products are designed and
tested for durability in the hot, humid climate of the Southeast
region of the United States where paint failure due to mildew
and fading are major concerns. A new company-owned Color
Wheel Paint store opened in Raleigh, N.C. The company said
it has seen a growing demand for its paint products in this
market as well as encouraging overall economic growth.
www.coatingsworld.com
July 2012
