Date:08/09/2006 URL: http://www.thehindu.com/2006/09/08/stories/2006090801841600.htm

Business - Briefly

ICI Paints' expansion plans

BANGALORE: ICI Paints has planned a major expansion, including taking the acquisition route, with the investment going up to Rs. 1,500 crore. It has cash reserve of Rs. 500 crore and can raise the balance through debt, according to Rajiv Jain, Managing Director. It has identified paints, starch and adhesives and fragrance as its core businesses. It hopes to invest Rs. 15 crore in capex this year. The company has launched Inspira, a four wall super premium emulsion paint.