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G 1PI11MBA39
Paint industry
The paints industry is broadly classified into two The decorative paints The industrial paints The paint industry volume in India has been growing at 15% per annum for quite some years Unorganised sector 35% Top organised sector players include Asian Paints, Kansai Nerolac, Berger Paints and ICI Supply exceeds demand in both the decorative as well as the industrial paints segments The paints sector is raw material intensive, with over 300 raw materials There is a apex body governing the industry called the INDIAN PAINT ASSOCIATION
Indias largest & Asias 3rd largest paint company Head Quarters Mumbai Turn over Rs. 77.06 billion Operates in 17 countries It is among top 10 paint companies in the world
BRANDS Ace & Apex Apcolite Apex Apex Ultima Asian Paints Colour Next Premium Gloss Enamel Royale Royale Play Touchwood Tractor Emulsion Utsav
STRATEGIES USED
Distribution strength and logistical efficiency
Wide range of products in terms of color shades Providing full-fledged assistance in making the right choice of the paint
GENERIC STRATEGY
Differentiation Strategy
Offer high quality products Product variations, wide selection, features More value for money- Value Added Services Pursue quality with zeal Innovate value for customers
International operations
Asian Paints operates in 17 countries across the world. It has manufacturing facilities in each of these countries and is the largest paint company in eleven of these markets. Asian Paints operates in five regions across the world . The countries that Asian Paints has presence are as follows: 1.Asian Paints in South Asia (India, Bangladesh, Nepal and Sri Lanka). 2.SCIB Paints in Egypt. 3.Berger in South East Asia (Singapore), Middle East (UAE, Bahrain and Oman), Caribbean (Jamaica, Barbados, Trinidad & Tobago). 4.Apco Coatings in South Pacific (Fiji, Tonga, Solomon Islands and Vanuatu). 5.Taubmans in South Pacific (Fiji and Samoa).
MARKETING STRATEGIES
Aggressive advertising