KOLKATA: Berger PaintsBSE 1.00 % India and the Nippon group of Japan have decided to strengthen their 49:51 joint venture for manufacture of coatings for plastic substrates — BNB Coating India. The two have entered into a ‘non-binding understanding’ to transfer some of their existing automotive paints businesses to the joint venture ‘at agreed values’. While Berger will transfer its three- and four-wheeler paints business (passenger cars and sports utility vehicles), Nippon Paints ( .. Read more at: http://economictimes.indiatimes.com/articleshow/49908363.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesBerger Paints, Nippon group to strengthen joint venture
Industry: Paint 2016-01-04
