Coatings World - July 2011

Natoco Co. Ltd.
Miyoshi, Japan
www.natoco.co.jp

PUBLIC COMPANY
YEAR ES TABLISHED: 1948
REVENUE: $140,049 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
KEY EXECUTIVES
Kenji Kasuya, president and
representative director;
Susumu Kawakami, senior
managing director; Yutaka Ya-
mamoto, director of business
administration and director.

Natoco Co., Ltd. engages in the manufacture and sale of fine chemicals and paints. It offers synthetic resin paints and inks. The company primarily provides coatings for metal, building and other functional materials, as well as related equipment. It also engages in the transportation of the industrial waste. The company was founded in 1948 and is headquartered in Miyoshi, Japan and operates in three business segments. The paint segment is involved in the manufacture and sale of synthetic resin paints, thinners and paint-related products. The fine chemical segment manufactures and sells chemical products such as film-use coating materials, as well as fine particles for liquid crystal displays (LCDs), among others. The others segment is engaged in the collection and transportation of industrial waste products. Natoco has two subsidiaries and one associated company.

79
Chokwang Paint
Co. Ltd.
Busan, South Korea
www.chokwangpaint.co.kr

PUBLIC COMPANY
YEAR ES TABLISHED: 1947
REVENUE: $133 million
MARKETS SERVED
• Architectural coatings
• Wood coatings
• Industrial coatings
• Powder coatings
• Automotive refinishes
KEY EXECUTIVES
Dae-Eun Lee, president and CEO; Ha-Ok
Kim, managing director of business plan-
ning division; He-Jin Moon, chief of man-
agement team and director; Jae-Hong
Park, managing director of research insti-
tute; Sung-Ho Yang, senior managing di-
rector of management division.

Chokwang Paint Limited manufactures paint products and coatings in Korea. Its products include architectural paints, interior paints, floor coatings and water floor paints, wood coatings, industrial coatings, plastic coatings and auto refinish coatings, powder coatings, heavy-duty coatings, and DIY paints. In addition, Chokwang provides a speed color system to each dealership it operates through, which can mix colors at customers request within three minutes with an automatic color mixer controlled by a computer. The company was formerly known as Chokwang Co., Inc. and subsequently changed its name to Chokwang Paint Limited. Chokwang Paint Limited was founded in 1947 and is headquartered in Busan, South Korea.

Diamond Vogel Paints
Orange City, IA
www.diamondvogel.com

PRIVATE COMPANY YEAR ESTABLISHED: 1926

REVENUE: $140 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
• Heavy duty coatings
• Traffic coatings
KEY EXECUTIVES
Drew Vogel, president and CEO;
Doug Vogel, vice president, deco-
rative; Mark Vogel, vice president,
industrial.

Diamond Vogel Paints is a family-owned, Midwesternbased paint manufacturer and retailer headquartered in Orange City, IA. The company operates seven manufacturing facilities an over 80 service center outlets. The company is a provider of liquid and powder coatings for industrial OEM applications, architectural paints for commercial and homeowner applications, and heavy-duty protective coatings for industrial maintenance applications. In 2010 Vogel signed an agreement with Hesse-Lignal of Hamm, Germany to become its exclusive licensee for the manufacture of wood coatings in the U.S. The newly created Vogel Industrial Wood Coatings group will market Hesse coatings and technology through independent representatives and distributors throughout the U.S. Hesse-Lignal is one of the leading producers of interior wood finishes in Europe and has 26 partners and daughter companies around the world. Hesse has a strong background in a variety of technologies including lacquer, urethanes, water-based and UV-cure coatings and has a strong portfolio of environmentally friendly coatings.

80
Cloverdale Paint Inc.
Surrey, British Columbia,
Canada
www.cloverdalepaint.com

PRIVATE COMPANY
YEAR ESTABLISHED: 1933
REVENUE: $125 million
MARKETS SERVED
• Decorative coatings
• Industrial coatings
• Wood finishes
• Marine coatings
KEY EXECUTIVES
Charles Mordy, CEO; Alex Orody,
COO; Martin McKenna, marketing di-
rector and segment manager for dec-
orative and industrial coatings; Larry
Lozinski, technical director; Segment
managers: Tim Vogel, wood finishes;
Brian Carpenter, marine coatings.

Cloverdale Paint maintains more than 100 retail stores and a network of dealer outlets across Western Canada and the Pacific Northwest. The firm manufactures architectural and industrial maintenance products. Directly and through subsidiary companies in Calgary, Alberta (Far-go Paint Inc.) and Portland, OR (Rodda Paint Company), Cloverdale operates manufacturing plants in Surrey, Portland, Winnipeg, Edmonton and Calgary. In terms of acquisitions, Cloverdale most recently bought Guertin Coatings of Winnipeg, Manitoba, Canada, which produces liquid and powder industrial coatings, resins, sealants and adhesives in a 78,000 square foot facility in Winnipeg.