PUBLIC COMPANY; YEAR ESTABLISHED: 1917
REVENUE: $735 million t (2016: $950 million)
Marine coatings; Industrial coatings; Container coatings
Masataka Uetake, president and CEO.
Chugoku Marine Paints manufactures paint for ships, industrial and containers uses, as well as adhesives. The company offers paints for large vessels, pleasure boats and yachts, marine containers, fishing boats, and fishnets; protective paints for anti-corrosive protection; paints for building materials and woodworking; functional paints; heavy duty paints; paints for plastics; and caulking material for railways. It is also involved in the sale of painting related equipment; management and contract work for coating; inspection of surface treatment and coating; and other activities. The company has a headcount of 2,293.
Chugoku Marine Paints, Ltd. (CMP) celebrated its centenary in Hiroshima, Japan in May 2017. Since its establishment in 1917, CMP has developed marine paints as a core product, together with other specialized paints for industrial use, containers, pleasure boats and yachts, offshore structures, etc. CMP continues to grow and is well supported by a broad customer base. The company’s products are designed and developed based on focused research activities, and distributed via its global service network at 105 locations in 35 countries.
A new plant was established in the Netherlands – the center of its Europe operation. The new plant handles, with virtually almost unmanned operation, the entire production process of paint manufacturing from charging of raw materials to dispersion and filling of paint. Since such automation enables production within a sealed space, the company expects it to reduce VOC emissions and other benefits include an improved workplace environment, elimination of labor shortages and enhanced productivity.