In February 2015, Asian Paints acquired a 51 percent stake in Kadisco, one of the leading paint companies in Ethiopia. Kadisco is engaged in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia. Asian Paints is also in the process of setting up a paint manufacturing facility in Indonesia with a 24,550 MT capacity, subject to necessary regulatory and other approvals. Asian Paints has recently entered into and signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to set up a manufacturing facility for paints and intermediates at Pudi Village, Rambilli Mandal, Vishakhapatnam District, Andhra Pradesh, India.