Details of integrated paint plant in Lucknow being worked out: Berger Paints

The Berger Paints management is considering setting up an integrated paint plant in Lucknow. In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints discussed more details on the project.

This plant is coming up on stream probably around end of 2019 and beginning of 2020 calendar year. The initial capacity might be 5,000-6,000 metric tonne per month and can be expanded at a later stage as and when the demand goes up, he said.

Normal capacity utilisation today is around 75 percent in normal average months and in peak periods, it goes up to about 84-85 percent, he added.

We are taking a price increase effective March 1 of about 1.5 percent on average. We should neutralise the cost increase impact completely, said Roy.

So far the demand growth has been moderated, not a very robust growth as such but things have been improving over the months, he further mentioned.