Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Kenyan Paint Manufacturer To Build $3 million Plant In Tanzania

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by R.B, Aug 30, 2012.

  1. R.B

    R.B JF-Expert Member

    Aug 30, 2012
    Joined: May 10, 2012
    Messages: 5,489
    Likes Received: 590
    Trophy Points: 280
    Crown Paints is targeting a 50 percent market share in the Tanzanian premium paints segment. The firm’s chief executive Rakesh Rao said the manufacturing plant will be established within the next 12 months. “We have commitment with the government to invest 250 million shillings in Tanzania,” he said. Crown Paints expansion in the region boosted its profits for the first half of 2012. “We are currently exporting to South Sudan and Rwanda-which is one of the most innovative and premium markets, Burundi and also getting good market responses in Democratic Republic of Congo,” said Rao The firm posted a 46 percent jump in pre-tax profit to 110 million shillings ($ 1.3 million) for the six months ended June 30, up from the 75 million shillings ($892,000) it posted over a similar period last year. Though Crown Paints faces stiff competition in the Kenyan market, its subsidiaries ended a loss making streak to contribute to the firms overall performance. “Our subsidiaries which have been making loss posted profit which improved our performance, and we hope to sustain this momentum to second half.” said Rao. The firms turnover rose from by 16.5 percent from 1.8 billion shillings ($21 million) to 2.1 billion shillings ( $25 million), due to introduction of new products. “The introduction of Teflon surface protector to Matt Emulsion has been very successful and during this period the company launched products into Tanzania, starting with Arusha,” said Crown Paints in a statement to the Nairobi Securities Exchange. The firm is optimistic it will post positive results in the second half of 2012 as the macroeconomic environment improves. “We are already seeing a fall in interest rates and a stable exchange rate, which provides a positive outlook for the rest of the year,” said Rao. Increased road construction and real estate development in East Africa has boosted demand for paint in the region.

    Attached Files:

  2. bluetooth

    bluetooth JF-Expert Member

    Aug 30, 2012
    Joined: Jan 12, 2011
    Messages: 3,646
    Likes Received: 235
    Trophy Points: 160
    Mkuu ... hizo Shillings ni za Kenya au Tz ... I am sure it is Kenyan Shillings
  3. Ndahani

    Ndahani JF-Expert Member

    Aug 30, 2012
    Joined: Jun 3, 2008
    Messages: 11,454
    Likes Received: 106
    Trophy Points: 160
    Anafungulia wapi? nani ndio contractor wa project yake? Au made in India kama kawa...teh teh teh. Na hizo figure pia nazo ni made in India labda.
  4. Maundumula

    Maundumula JF-Expert Member

    Aug 30, 2012
    Joined: Nov 4, 2010
    Messages: 7,037
    Likes Received: 24
    Trophy Points: 135
    Waje waongeze ushindani
  5. pmwasyoke

    pmwasyoke JF-Expert Member

    Aug 30, 2012
    Joined: May 27, 2010
    Messages: 3,498
    Likes Received: 96
    Trophy Points: 145
    Na pia ajira
  6. b

    bagamoyo JF-Expert Member

    Apr 4, 2013
    Joined: Jan 14, 2010
    Messages: 2,891
    Likes Received: 545
    Trophy Points: 280
    Naona mambo yameiva sasa Crown Paint (Kenya) ltd kufungua viwanda Mwanza na Dar-es-Salaam huku tayari wana depot mjini Arusha:

    Crown paints to open 2 factories in Tanzania

    Published on 3 Apr 2013 by standardgroupkenya - youtube
    Last edited by a moderator: Jan 4, 2016