Coatings World - July 2011

PRIVATE COMPANY YEAR ES TABLISHED: 1969 REVENUE: $347 million MARKETS SERVED • Decorative coatings

National Paints
Factories Co.
Amman, Jordan
www.nationalpaints.com

Faeq Sayegh, GM, National Paints UAE; Ibrahim Faeq Sayegh, GM, National Paints Jordan and technical director; Faeq Michael Sayegh, GM, National Paints Egypt; Fares Michael Saeyegh, GM, National Paints Romania; Nazi Qopti Sayegh, marketing director.

• Powder coatings • Marine coatings • Industrial coatings • Insulation system paints KEY EXECUTIVES Michael Faeq Sayegh, chairman, Sayech Group; Saleem

National Paints Factories Co., Ltd. (Sayegh Group) claims the number one position in the Middle East paint market with an annual production capacity of 300,000 tons of exports to more than 60 Arab and other countries. It is involved in a number of sectors including architectural/decorative ( 35 percent), industrial ( 35 percent), auto OEM ( 15 percent), auto refinish ( 10 percent) and marine (five percent). With coatings revenues of $347 million, National Paints is the major part of the privately owned Sayegh Group, established more than 75 years ago. During the year DuPont signed a DuPont Teflon surface protector trademark license agreement with National Paints. National Paints will co-brand three interior and two interior/exterior paints and a wood varnish with DuPont Teflon. National Paints will market the products in the UAE, Oman, Jordan, Yemen, Qatar, Bahrain, Saudi Arabia, Kyr-gyzstan and Kazakhstan.

Samhwa Paints
Industrial Co. Ltd.
Seoul, South Korea
www.spi.co.kr

PUBLIC COMPANY YEAR ESTABLISHED: 1946

REVENUE: $333 million
MARKETS SERVED
• Decorative coatings
• Industrial coatings
• Marine and protective
coatings
• Auto refinish coatings
• Powder coatings
KEY EXECUTIVES
Jang Yeon Kim, chairman and CEO; Ja
Hyun Koo, vice president and CEO pro-
duction; Hak Heon Lee, vice president,
management support; Ki Deuk Lee,
senior managing director sales; Gyw
Chul Lim, senior managing director
technical; Bung Ju Choi, director China.

Founded in 1946 Samhwa Paints makes a wide range of products from DIY paints to architectural paints, heavy- duty coatings, marine paints and special industrial coatings such as PCM coatings, car coatings, plastic coatings, UPE coatings, UV coatings and powder coatings. In 2010 Samhwa posted sales of $333 million. During the year the construction of the Samhwa Research Institute in China was completed in Zhangjiagang Co., Ltd. and the Gwangju office of Samhwa Paints built a new office building at Yongbong-dong, Buk-gu, Gwangju Metropolitan City. Also during the year the company set up a subsidiary in Vietnam in Bac Ninh. This local subsidiary is expected to produce about 500 tons of paint annually, including paint for plastic products such as mobile phones and vacuum cleaners as well as paints used for covering high-quality structures.

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Musashi Paint
Co. Ltd.
Tokyo, Japan
www.musashipaint.com

PUBLIC COMPANY YEAR ES TABLISHED: 1958

REVENUE: $330 million
MARKETS SERVED
• Plastic coatings
KEY EXECUTIVES
Shuhei Fukui, president; Shusaku
Tomisa wa, director; Yutaka Soma,
director.

40
Noroo Paint Co. Ltd.
Anyang-Si, South Korea
www.noroo.co.kr

PUBLIC COMPANY
YEAR ESTABLISHED: 2006
REVENUE: $315 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
• Automotive refinishes
KEY EXECUTIVES
Su Gyeong Kim, CEO; Hyeok Chun
Gwon, vice president; Assistant man-
aging directors: Yik Seon Hong; Gi
Jun Kang; Chang Mo Ahn; Jae Bong
Choi.

Musashi Paint Company Co., Ltd. manufactures and dis- tributes coatings for household appliances, electronic de- vices, information technology devices and industrial products. It specializes in synthetic resin paints. The company provides touch feel, PRTR law adherent, water-based, UV, acrylic silicon, functional and special primer coatings, as well as coatings for molded plastics, laser etching and metal materials. In addition, it offers coatings for information/telecommunication devices, including mobile phones, lap-top computers and digital cameras; coatings for household appliances, such as plasma/LCD televisions, DVD players, vacuum cleaners, refrigerators, dehumidifiers, air cleaners; and coatings for automobile devices, including navigation systems. Musashi Paint Company offers its products through dealers in Japan, Korea, Malaysia, Hong Kong, Taiwan, the United Kingdom and the U.S. The company was founded in 1958 and is based in Tokyo, Japan.

Noroo Paint Co., Ltd. engages in the manufacture and sale of paints and coatings worldwide. Its products include architectural coatings, which comprise natural paint, general coatings, functional coatings and Decopia; waterproof and floor coatings; decorative coatings, such as lacquers, polyurethane paints, cracking paints, wood stain, and firekeeper; primer and topcoat heavy duty coatings; and industrial coatings, including metal coatings and pattern finishes. The company also offers coating equipment; and coatings for auto refinishes and plastic finishes, as well as coil coatings. Noroo Paint Co. was founded in 2006, is headquartered in Anyang-Si, South Korea and posted sales of $315 million in 2010.