DIY Trade News October 2013
26
news
Spotlight
company
profile
Feature
report
back
opinion
Products
Sport
Kansai Plascon makes
African acquisition
Kansai Plascon Africa Limited has partnered with Astra management and
staff to acquire a 63,25% interest in the issued share capital in Astra
Industries Limited, from the Finance Trust of Zimbabwe (Private) Limited.
The deal, worth in the region of $5,5million USD,
of rebuilding its economy, as well as the confidence
leading paint company. The other operating subsidiary
will place Kansai Plascon at the head of the coatings
it places in the experienced management team that
is Astra Chemicals, which markets and distributes a
market in Zimbabwe. The acquisition shows Kansai
heads up Astra.
diversified range of chemical products to industry. The
Plascon’s faith in Zimbabwe, which is in the process
Astra Paints, Astra’s major subsidiary, is Zimbabwe’s
company is currently the largest paint manufacturer in
Zimbabwe and has two operating factories in Harare
and Bulawayo. It also enjoys 40% of the market share
in Zimbabwe, with an especially strong footprint in
Harare and Bulawayo.
One of Kansai Plascon’s key strategies is to
expand its leadership position into the rest of Africa.
The inclusion of Astra Paints in Zimbabwe further
strengthens its presence in Southern Africa, as it
Chubbsafes has been delivering safes and cabinets for the protection
of your cash, valuables, documents and data for over 200 years.
already has factories and brand presence in Botswana,
Namibia, Zambia and Malawi. Where the paint
manufacturer does not have a factory in a region,
Today we know how to combine experience with innovations to create
truely reliable secure storage solutions.
it exports out of South Africa into retail outlets and
ELEMENTS AIR
countries in Africa since 2004, including Mozambique,
directly to contractors. It has been exporting to various
Seychelles, Mauritius, Kenya and Nigeria.
Hiroshi Ishino, President of Kansai Paint,
Our new Elements Air Range is Suitable for the home,
office and hotel environments. The range includes a specially designed laptop safe with extra width for the storage
of portable computers and tablet PCs. The hotel safe is
secured by a user-friendly electronic lock with motorised
bolt-work and includes features