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Private Sector | Rajasthan - India | PID: 190537
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Kamdhenu Paints, the fastest growing brand of decorative paint segment of India and one of India's leading full-scale decorative Paint Company, has recently reopened its production facility at Chopanki Industrial Area, Bhiwadi, Rajasthan amid enthusiastic and overwhelming response from employees, stakeholders, suppliers and the local community.
Post the fire at our Paint Plant in April 2019, the Company has started partial manufacturing operations at the stainer division of the production facility and soon will be resuming the production of premium range of emulsion paints. The facility was inaugurated by Mr. Saurabh Agarwal, Director, Kamdhenu Paints in the presence of Mr. Satish Agarwal, Chairman & Managing Director and Mr. Harish Kumar Agarwal, CFO, Kamdhenu Limited.
These products will be eco-friendly and extremely durable. The new plant will cater to the demand for premium quality range of decorative paints offered by Kamdhenu Paints to its discerning customers. It will enable Kamdhenu Paints to offer unique propositions of a wide range of quality decorative paint products to its dealers and distributors Pan India.
Commenting on the same, Mr. Satish Kumar Agarwal, Chairman & Managing Director said: "We are delighted to reopen our production facility in Bhiwadi. I would like to thank all our associates, partners, supplier partners, government, media and customers for their unstinted support and patience as we reconstructed the plant to its former glory. We reiterate our commitment to serve our customers as part of our endeavor to become a leading manufacturer and retailer of decorative paints in India. It has been an emotional journey for us and today, we are all looking forward to producing world class paint products at our production facility here, with best in class levels of safety."
Announcing the re-opening of the Bhiwadi plant, Mr. Saurabh Agarwal said, "We are extremely happy with the resumption of our Production facility of our Paints Plant which will focus on manufacturing premium decorative paint products. Post the fire at our Plant in April 2019, It had been decided on immediate basis to outsource production of the paint products from third party manufacturers at various locations. The Company has ensured the quality standards by deputing its own technical team at the manufacturer's plant. We will soon start the restoration of the remaining plant in Phase II. With operationalization of this production facility I am hopeful that our market share would increase going ahead."
Commenting on the same, Mr. Harish Agarwal, CFO said: "This is a great day for us and we are filled with joy on the re-opening of our Paints Plant. With the re-opening, we plan to cater the demand for premium quality range of decorative paints. This will enable Kamdhenu Paints to offer unique propositions of a wide range of quality decorative paint products to its dealers and distributors Pan India. We expect the hive-off of the Paint Business to be completed by the end of this financial year which would result in independent and better management focus on both the businesses, better operational efficiencies and unlocking value by listing both as different companies."
| Updated on: 28 - Aug - 2019
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