The Valspar Corporation opened a new research and development center in Shunde, China. The Valspar Applied Science and Technology Center will employ over 200 scientists to support the continued growth of Valspar in Asia Pacific and Valspar's research and development on a global basis. The grand opening event was attended by more than 400 guests, including customers, suppliers, and governmental officials.
"This facility enables us to bring a higher level of value to our relationships in the Asia Pacific region by allowing us to be closer to our customers," said Valspar president and chief executive, Gary Hendrickson. "The research and development center will give our customers a unique competitive advantage. Valspar's strategy is to continue to invest in our people and our businesses in China."
Valspar's 2011 global sales totaled US$4 billion, including sales in Asia Pacific of US$1 billion. Nearly half of the sales in the Asia Pacific region are in China, where Valspar currently has five manufacturing facilities. Valspar produces and sells high-quality coatings for numerous end-markets in China, including consumer paints, food and beverage packaging, shipping containers, furniture, building products, and agricultural and construction equipment.