Asian Paints

Asian Paints to shut down its Gujarat Facility

Asian Paints to shut down its Gujarat FacilityAsian Paints, one of India's largest paint companies, has decided to temporarily shut down its chemical plant engaged in manufacturing Phthalic Anhydride situated at Ankleshwar, Gujarat.

Sources revealed that, the temporary closure is due to fall in demand of chemicals globally.

However, the company said that it has enough inventories for current needs. The duration of the closure is expected to between one month and one week.