Bollig & Kemper, Cologne, Germany, and Nippon Paint (China) Co. Ltd. have signed a joint venture contract. The two companies have agreed to establish and operate the joint venture company BK & NP Automotive Coatings (Shanghai) Co. Ltd. in Shanghai, China with a share of 60% Nippon Paint, China and 40% Bollig & Kemper, Germany. The scope of business of BK & NP is to supply coatings to the European OEMs in China and their related plastic parts suppliers. To use European technology in China, Bollig & Kemper is willing to grant a sole licence to the new joint venture in Shanghai. Nippon Paint is an OEM supplier of coatings for automotive manufacturers like Toyota, Honda, Mazda and Nissan, and Chinese automotive manufacturers like Chery and Geely. Bollig & Kemper supplies coatings to European automotive manufacturers like BMW, Daimler-Benz, Ford, PSA, Renault and Volkswagen.
Bollig & Kemper, Nippon Paint form JV
By Tim Wright
Published August 27, 2008
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