Chugoku Marine Paints, Ltd. is a Japan-based company that manufactures and sells paints for ship, industrial and container uses, as well as adhesives. Chugoku Marine Paints (Shanghai), Ltd., a subsidiary located in Jiading District, Shanghai, China, completed construction of its second factory and began operations. This factory, the company’s third manufacturing plant in China following the first Shanghai factory and the Guangdong factory, was established in order to strengthen the company’s productivity and competitiveness, as well as increase customer satisfaction. The new factory will supply paints for vessels, industrial paints for bridges, industrial plants, steel structures, etc. and resins for paints. In terms of new technology, CMP launched its Ekomate Series of waterborne coatings for dry container. After many years of focused research and development of waterborne coating systems, CMP said it made a significant breakthrough with the Ekomate advanced waterborne coating system, which could reduce VOC emissions by 80 percent when compared to solventborne coating systems. In addition, Ekomate products improve the working environment by reducing odors and because they are water-based rather than solventborne, the products remove a number of hazards associated with the risk flash ignition and fire. Following cooperation with dry container box manufacturers and owners, which included many trial applications in China, which is the hub of the new container box manufacturing industry, the trials have demonstrated that the Ekomate technology can be applied on existing production lines with minimum adjustment to the norms or investment in new equipment said the company. CMP Shanghai is manufacturing 2,000 tons of Ekomate per month and is expanding production capacity to meet market demand which in turn continues to elevate CMP’s green policy and ongoing commitment to the environment.
YEAR ESTABLISHED: 1917
REVENUE: $1.185 billion (2010: 1.1bn)
• Marine coatings
• Industrial coatings
• Container coatings
Tetsuo Yamazumi, chairman; Masataka Uetake, president and CEO.