YEAR ESTABLISHED: 1917
REVENUE: $950 million
($2015: 950 million)
Marine coatings; Industrial coatings; Container coatings; Adhesives
Masataka Uetake, president and CEO.
Chugoku Marine Paints manufactures paint for ship, 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 recently completed construction of a new factory in the Netherlands for producing marine coatings. The 3,600 m2 facility has a production capacity of 1,000 metric tons per month and the total investment was approximately 2.8 billion yen.
Chugoku Marine Paints and Berger Paints have entered into a Memorandum of Understanding for cooperation and collaboration in the ﬁelds of marine and related industrial paints in India.The Memorandum of Understanding (MOU) envisages joint efforts in marketing, supplying and purchasing marine related industrial paints. Subsequently, the parties have a view of establishing a joint venture company as their ﬁnal objective.
Masataka Uetake, president & CEO said: “Chugoku looks forward to the partners jointly becoming leading players in marine coatings in India and the neighboring region.”