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Paint Industry: Like other sectors, the paint industry in Bangladesh is in troubled waters as the US dollar crunch has made it difficult for manufacturers to import raw materials in line with their demand.
Jotun Bangladesh Limited (JBL), a subsidiary of Norway-based paint and coatings manufacturer Jotun Group, has opened its maiden plant inside the Meghna Industrial Economic Zone (MIEZ) with an investment of $7.6 million.
Kansai Nerolac eyes expansion in Bangladesh The Japanese paint maker will inject Tk 16cr into its subsidiary The local market for paint is not enormous but the future is good as consumption is increasing with economic development. Star/file Japanese company Kansai Nerolac will invest Tk 16 crore in its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly known as RAK Paints), to expand its business and grab a bigger piece of the growing South Asian market. Having entered the Bangladesh market in mid-2018, the East Asian paint maker on Friday announced to have subscribed to 1.65 cro...