20. Chugoku Marine Paints
Tokyo, Japan
www.cmp.co.jp
PUBLIC COMPANY; YEAR ESTABLISHED: 1917
REVENUE: $950 million st ($2015: 950 million)
MARKETS SERVED
Marine coatings; Industrial coatings; Container coatings; Adhesives
KEY EXECUTIVES
Tetsuo Yamazumi, chairman; Masataka Uetake, president and CEO.
Chugoku Marine Paints manufactures paint for ship, industrial and containers uses, as well as adhesives. The company of- fers paints for large vessels, pleasure boats and yachts, marine
containers, fishing boats, and fishnets; protective paints for anti-cor-
rosive protection; paints for building materials and woodworking;
functional paints; heavy duty paints; paints for plastics; and caulking
material for railways. It is also involved in the sale of painting related
equipment; management and contract work for coating; inspection of
surface treatment and coating; and other activities.
The company recently completed construction of a new factory
in the Netherlands for producing marine coatings. The 3,600 m2
facility has a production capacity of 1,000 metric tons per month
and the total investment was approximately 2.8 billion yen.
Chugoku Marine Paints and Berger Paints have entered into a
Memorandum of Understanding for cooperation and collaboration in the fields of marine and related industrial paints in India.
The Memorandum of Understanding (MOU) envisages joint efforts
in marketing, supplying and purchasing marine related industrial
paints. Subsequently, the parties have a view of establishing a joint
venture company as their final objective.
Masataka Uetake, president & CEO said: “Chugoku looks forward to the partners jointly becoming leading players in marine coatings in India and the neighboring region.”
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