Valspar opens research and
development center in China
The Valspar Corporation opened a new
research and development center in
Shunde, China. The Valspar Applied Science and Technology Center will employ
over 200 scientists to support the continued growth of Valspar in Asia Pacific and
Valspar’s research and development on a
global basis. The grand opening event was
attended by more than 400 guests, including customers, suppliers, and governmental officials.
“This facility enables us to bring a
higher level of value to our relationships
in the Asia Pacific region by allowing us
to be closer to our customers,” said
Valspar president and chief executive,
Gary Hendrickson. “The research and de-
velopment center will give our customers
a unique competitive advantage. Valspar’s
strategy is to continue to invest in our
people and our businesses in China.”
Valspar’s 2011 global sales totaled
US$4 billion, including sales in Asia Pa-
cific of US$1 billion. Nearly half of the
sales in the Asia Pacific region are in
China, where Valspar currently has five
manufacturing facilities. Valspar produces
and sells high-quality coatings for numer-
ous end-markets in China, including con-
sumer paints, food and beverage
packaging, shipping containers, furniture,
building products, and agricultural and
construction equipment.
Novelis makes $50 million
investment to install beverage
can coating line in Brazil
Novelis, the world’s largest producer of
rolled aluminum, will invest approximately $50 million to install a coating line
for beverage can end stock at its operations in Pindamonhangaba, Brazil.
“This expansion is the most recent step
in an ongoing program to expand our
leadership position in supplying Brazil
and South America with high-quality beverage can sheet for this growing region,”
said Phil Martens, president and chief executive for Novelis Inc.
Nova Paint Club meets in London, discusses global supply chain
issues
The latest Nova Paint Club meeting was held in London between 28 October and
3 November. The meeting brought together the technical directors from the member companies and their board representatives to discuss how threats from global
supply chain issues can be addressed through cooperation within the international
group.
The Nova Paint Club draws its members from
11 companies operating in over 90 countries. The
technical directors discussed ongoing joint projects
and received presentations from key vendors on
new raw materials, new regulatory issues and specialised additives. The group also discussed further
areas for cooperation and savings through joint
technical projects, which will be followed up at
their meeting in Paris in February 2012.
The board members received presentations
from external experts on approaches to concerns
within the global supply chain. They also agreed
on a new framework for the Nova Paint Club in
the future.
“This conference has brought into sharp focus
the importance of independent companies work-
ing together to tackle global issues in our industry," said Joao Serrenho, president
of CIN and current president of Nova. "Pressure on the global supply of key ma-
terials means that cooperation is essential to mitigate the risks to our businesses.”
Mohan Murty, managing director and CEO of Asian Paints, who will be retiring
in early 2012, resigned as a member of Nova's executive. His position will be filled
by Michael Dayan, managing director and CEO of Tambour in Israel. The president
thanked Mr. Murty for his contribution to the Nova Paint Club over many years
and presented him with the Nova Gold Pin award together with a gift from the
board to mark the occasion.
The next board meeting of the Nova Paint Club will take place in April 2012 in
Buenos Aires, hosted by Sinteplast SA and will be held together with a meeting of
Nova’s marketing directors.
The Nova Paint Club is an international organization founded in 1983 to provide a
framework for leading global independent paint companies to benefit from exchanges
of technical information, technology and expertise in all areas of their operations.
The Nova Paint Club currently has 11 core members with their main operations
based in Argentina (Sinteplast SA), Canada (Cloverdale Paint Inc), Colombia (Global
Paints SA), Germany (Votteler Lackfabrik GmbH & Co), Greece, (Druckfarben Hellas SA), India, (Asian Paints), Israel (Tambour Ltd), Portugal (CIN SA), South Africa
(Plascon SA), Spain (Barnices Valentine S.A.), and the USA (Vogel Paint Inc). These
companies also have other operations and/or subsidiaries, which extends their total
involvement to around 90 countries throughout the world.
Mohan Murty, managing director
and CEO of Asian Paints (left),
and Joao Serrenho, president of
CIN and current president of
Nova.
www.coatingsworld.com
January 2012
