PT Asian Paints Indonesia, its indirect subsidiary, has commenced production with a capacity of 5,000 tpa on single shift basis. PT API was incorporated as a wholly-owned subsidiary of Berger International Private Limited, Singapore. The plant has a capacity of 24,550 tpa in Indonesia. None of the promoters/directors or key managerial persons have direct or indirect interest in the transaction, the company said. Investors will closely monitor the development.
What to watch. Asian Paints Indonesia arm starts production
Published on
September 6, 2017 15:35
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