Berger Paints India Ltd on Friday said it had entered into an agreement with Rock Paint Co. Ltd of Japan to market automotive refinish paints with the aim of eventually setting up a joint venture between the two firms.
Berger’s managing director and chief executive officer Abhijit Roy said Berger is looking to get into similar arrangements with other foreign paint makers to expand its product range.
If the entry into the automotive refinish paints market goes according to plan, Berger will explore setting up a joint venture with its Japanese partner in 6-8 months, he added.
Source: Mint