Egypt again to get Indian colour with Asian Paints

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Asian Paints to resume operation in Egypt

New Delhi, Feb 7: Citing the indocile nation wide protest, one of the leading paint company of India, Asian Paints stopped their operation in Egypt.

Now, when the nation started rolling back towards its normalcy, the company has decided to resume its service in Egypt.

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"The two plants of the company's subsidiary, SCIB Chemicals SAE, Egypt, which were shut due to prolonged curfew, have restarted the operations partially with effect from Feb 6, 2011," Asian Paints said in a filing to the Bombay Stock Exchange.

According to sources, the company's decision to re-start the operations, however, did not suggest any improvement in the situation in the country.

Asian Paints' two manufacturing units are located at an industrial area about 50 kilometers from Cairo. Other leading FMCG companies, Dabur and Marico, have temporarily shut down their plants in the Arab nation.

OneIndia News
(With inputs from PTI)

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