Asian Paints new UAE plant to drive next leg of growth

Asian Paints’ joint venture in the UAE (Asian White Inc.), located in Fujairah, has commenced commercial production of white cement and clinker, as per its BSE filing. With an annual capacity of 2,65,000 tonnes, the facility is expected to boost exports and diversify product lines. The announcement has put the stock in market focus heading into Monday trading, especially given its scale and strategic expansion in GCC markets. (LiveMint)