JK Cement will complete its wall putty capacity expansion project at Katni, MP plant in August. After the capacity expansion, JK’s wall putty production capacity will go up from current 0.90 mtpa to 1.20 mtpa. Earlier, the project was supposed to go on stream in June. However, countrywide lockdown affected the project execution schedule.
At present company has White Cement capacity of 1.20 mtpa and Wall Putty capacity of 0.90 mtpa. White cement is being produced at a plant in Gotan, Rajasthan having capacity of 0.60 mtpa and at Fujiraha (UAE) capacity 0.60 mtpa. Wall Putty is produced at Gotan, Rajasthan capacity 0.50 mtpa and Katni 0.40 mtpa. JK Cement and UltraTech are the leading manufacturers of wall putty in the country.
In terms of volume, putty market size is estimated to be 4-4.5 MTPA with unorganised players accounting for 1.2-1.5 MTPA capacity. UltraTech and JK Cement together account for half of the market share (24% each) while the three paint makers, Asian Paints, Berger Paints and Kansai Nerolac account for 30% of the market share. Unorganised manufacturers and others account for the rest.
Wall putty is used for exterior and interior walls. It basically serves purposes like levelling of wall surfaces, and being a protective base for expensive paints and many more. Coarse Putty is used to level the wall surface. For minor jobs, putty can be easily applied by a brush or with a spray. Putty is primarily used to fill cracks and surface imperfections. Putty is also used for providing a protective base, especially for expensive paints. It prevents the paint from flaking. Putty is also used to fill pores in walls and ceilings.