By Carol Kago
Crown Paints has set up shop in Kisumu targeting to capture a larger share of the growing real estate market in the Western region.
Kisumu County Governor Jack Ranguma says the plant will see creation of job opportunities especially for the youth in the area which will in turn boost the economic growth of the county.
The plant is worth Ksh 400 million and its part of a strategic move to tap into the region’s robust construction industry.
Many counties are witnessing growth in the real estate sector with significant investments being made especially in the construction sector.
Developers have been flocking to the western region with several companies announcing plans for major projects.
Crown Paints Chief Executive Officer, Rakesh Rao says the area is experiencing high development growth particularly in real estate with a larger number of investors eyeing towns such as Kisumu,
Eldoret, Kitale and Kakamega which create an ideal opportunity for the firm to strengthen its presence to exploit the growing market.
Kisumu County Governor Jack Ranguma says the plant will see creation of job opportunities especially for the youth in the area.
The new plant has a production capacity of 1.3 million liters of paint per month.