Egypt’s Kapci to start operations at Bangalore coatings plant in August

Egyptian paints and coatings manufacturer, Kapci says it plans to start operations at the first phase of its factory in Bangalore in India next August, with investments worth $5 million.

Kapci is the first Egyptian company to build a coatings factory in India.

The factory is built on a space of 50,000 square metres, designated for the production of automotive paints and wood coatings, Amr El-Sayed, Kapci’s commercial director, told Amwal Al Ghad on Tuesday.

The total investment cost of the factory amounts to around $20 million, El-Sayed added, saying Kapci is expected to complete the building stages at the end of 2020.

With a capacity of 60,000 tonnes a year, the factory is set to be an exporting hub where Kapci’s products can reach the South Asian region, backed by India’s free trade agreement with the ten member states of the Association of Southeast Asian Nations (ASEAN), he stated.

The free trade agreement reduces the tariffs on a majority of traded goods between India and ten-member ASEAN bloc; Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam.