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Business Reporter

Local paint manufacturer, Nash Paints will invest about $3 million towards the construction of a state-of-the-art paint manufacturing plant scheduled for commissioning in August this year. Nash Paints is a manufacturer and distributor of automotive and decorative paints to a variety of customers across Zimbabwe.It currently produces about 40 percent of its products locally and imports the rest from Germany and South Africa.

In an interview yesterday, Nash Paints chief executive Tinashe Mutarisi said the paint market has been facing some challenges but the company is bullish of making it big in the long run through the investment in the manufacturing plant.

“By the time that we commission the plant we would have invested about $3 million. To date $2 million has been invested. We hope the plant will be commissioned by August this year.

“Support from our customers has been amazing and we hope to keep introducing new products as well as product development. We believe this paint manufacturing plant forms part of the goals of Government’s economic blueprint, the Zimbabwe Agenda for Socio-Economic Transformation,” said Mr Mutarisi.

He said the company boasts of 70 percent market share in the automotive paints and around 30 percent on decorative paints.

The paint manufacturer is also looking at expanding its branch network across the country as it works towards consolidating its market share on a countrywide scale.

“We are opening branches across the country and we will be opening a branch in Bindura. We also opened a branch in Chegutu despite the current liquidity challenges facing the market.”