KOLKATA: Berger PaintsBSE -0.56 % 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 ..
Source: Economic TimesBerger Paints, Nippon group to strengthen joint venture
Industry: Paint 2015-11-25
