Crown Paints, the Nairobi Securities Exchange (NSE) listed paint manufacturing firm will this evening unveil its plans to scale up its operations in Tanzania by building a manufacturing facility in Dart es Salaam.
The event is expected to take place at the Serena Hotel and will be graced by the Tanzania Minister for Industry and Trade Abdalla Kigoda.
Crown Paints already has a presence in Tanzania, operating a mini plant in Arusha with distribution depots in Arusha and Mwanza.
Sources say the company, which also has a presence in Kigali, Kampala and Juba besides Nairobi will use Dar es Salaam as a platform to expand in other regions within Tanzania.
The company specialises in decorative paints, automotive paints, and innovative products such as Amourcoat, Acryline and Flowcrete amongst others. It has an annual turnover of USD 61.2mn and produces 2.3 million litres of paint per month.
The export market has been a major booster to its revenue earnings, contributing 50pc to the group sales volume in 2013.
Besides selling its products in Kenya, where the company is putting up more retail outlets, Crown’s exports markets also include Southern Sudan, Rwanda, Burundi and Tanzania.