Jotun has opened a new paint manufacturing plant in Zhangjiagang outside Shanghai in China. The plant, which is one of the largest and most advanced paint production sites in China, is a $30 million investment for Jotun and was necessary in order to serve an increasing number of customers, according to the company.
Jotun paints and protects 20% of the world's merchant fleet, which means more than 10,000 vessels. China is one of the most important countries in the marine world market.
In China the Jotun Group now has two companies including Jotun COSCO Marine Coatings Co. Ltd. and Jotun Coatings Co. Ltd.
In addition to investing in the manufacturing plant, which has a production capacity of 70 million liters a year, Jotun will set up a new research and development facility in China.