Coatings World - July 2012

37Samhwa Paints Industrial Co. Ltd. Seoul, South Korea www.spi.co.kr

PUBLIC COMPANY YEAR ES TABLISHED: 1946

REVENUE: $379 million ▲

(2010: 333mn)

MARKETS SERVED
• Decorative coatings
• Industrial coatings
• Marine and protective
• 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 2011 Samhwa posted sales of $379 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.

39Musashi Paint Co. Ltd. Tokyo, Japan www.musashipaint.com

PUBLIC COMPANY YEAR ESTABLISHED: 1958

REVENUE: $354 million ▲

(2010: 330mn)

MARKETS SERVED
• Plastic coatings
KEY EXECUTIVES
Shuhei Fukui, president; Shusaku
Tomisa wa, director; Yutaka Soma,
director.

383M St. Paul, Minnesota/USA www.3m.com

PUBLIC COMPANY
YEAR ES TABLISHED: 1902
REVENUE: $375 million ▲
(2010: 350mn)
MARKETS SERVED
• Adhesives and sealants
• Pipe coatings
KEY EXECUTIVES
George Buckley, chairman,
CEO and president; Joe Harlan,
executive VP, electro and com-
munications; Michael Kelly, ex-
ecutive VP, display and
graphics; Jean Lobey, executive
VP, safety, security and protec-
tion services; Moe Nozarri, ex-
ecutive VP, consumer and
office; Brad Sauer, executive VP,
health care; Hak Cheol Shin,
executive VP, industrial and
transportation.

During the year 3M unveiled its new Innovation Center in Dubai, United Arab Emirates. The opening of the Dubai center provides 3M with an expanded facility in the Middle East to better support customer needs across the region resulting in more cost-effective customer centric solutions created specifically for the region, in the region. Customer Technical Centers are unique to 3M around the world and serve as a mechanism for customer inspired innovation. The first of its kind in the Middle East region, the Dubai center offers potential customers, business partners, and research and development experts the opportunity to test a host of 3M’s innovations. Located in Internet City, the center, which is LEED certified and environmentally friendly, is divided into 14 zones showcasing all of 3M’s technology platforms, capabilities and products for the Middle East market.

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

PUBLIC COMPANY YEAR ES TABLISHED: 2006 REVENUE: $352 million ▲ (2010: 315mn)

MARKETS SERVED • Architectural coatings • Industrial coatings • Automotive refinishes

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, laptop 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.

Noroo Paint Co., Ltd. engages in the manufacture and sale of paints and coatings worldwide. Its products in- clude 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 $352 million in 2011. Architectural coatings account for 40 percent of sales while industrial coatings make up 16 percent and automotive refinishes 15 percent.