Coatings World - October 2011

Jotun, COSCO expand infrastructure in China

Jotun COSCO Marine Coatings Co., Ltd. (JCMC), a joint venture of COSCO International with Jotun A/S in Norway, held a ground breaking ceremony of its new plant in Qingdao National High-tech Industrial Development Zone, which marked the official start of the construction project of the coatings plant. The new plant is built to meet the growing needs of the marine coatings market in China. The plant is expected to begin production by the end of 2012.

JCMC has been expanding since its incorporation. Its total sales volume reached 75,000,000 liters—equivalent to about 100,000 tons—and its profit before tax exceeded HK$200 million in 2010, ranking number one in the sales of marine coatings in China.

Jotun COSCO Marine Coatings (Qingdao) Co., Ltd. (JCMC Qingdao) was established in October 2009, 50 percent owned by COSCO International Holding Ltd. and 50 percent by Jotun A/S, offering advanced marine coating products that prevent corrosion and fouling on vessels. The plant will be 85,333 square meters with an annual production capacity of 50,000,000 liters, equivalent to approximately 67,500 tons.

RPM to acquire restoration and
cleaning solutions business
RPM International Inc., through its
RPM2 business unit, has signed a pur-
chase agreement to acquire the Legend
Brands group of companies, providers of
equipment and solutions for water and
fire damage restoration, professional
cleaning and environmental control.
Based in Burlington, Wash., Legend
Brands has annual sales of more than
$70 million.

The Cope twins. Amber (left) and Angela (right).

Matrix System teams up with the Cope twins for the 2011 NASCAR Nationwide Series Matrix System Automotive Finishes will be one of the co-sponsors for Tri-star Motorsports and drivers Angela and Amber Cope during the 2011 NASCAR Nationwide Series. The Cope sisters are the first twins to ever race in the NASCAR Nationwide Series. The twins will be racing this year in the No. 44 red Chevrolet Impala. Matrix System Automotive Finishes, based in Walled Lake, Mich., manufactures high quality color, clearcoats, primers, hardeners and reducers.