Nippon Paint: Difference between revisions
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In October 2014 Nippon Paint was reorganized into a holding company and the company adopted its current name.<ref>{{cite web |url=http://www.nipponpaint-holdings.com/en/company/ |title=President's Message |website=Nippon Paint Holdings |accessdate=October 14, 2016}}</ref> |
In October 2014 Nippon Paint was reorganized into a holding company and the company adopted its current name.<ref>{{cite web |url=http://www.nipponpaint-holdings.com/en/company/ |title=President's Message |website=Nippon Paint Holdings |accessdate=October 14, 2016}}</ref> |
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In August 2020, |
In August 2020, the Singaporean paints and coatings manufacturer Wuthelam Group raised its stake in Nippon Paint from 39 % to 58,7 % in exchange for its stake in the joint venture in Singapur.<ref>{{Cite news|url=https://www.ft.com/content/07e40456-0ad9-4946-a6bf-8d52c0f9662e|title=Nippon Paint agrees $12bn tie-up with its largest shareholder |date=2020-08-21|access-date=2020-09-21}}</ref> |
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===Nippon Paint (Singapore)=== |
===Nippon Paint (Singapore)=== |
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Revision as of 13:29, 30 September 2020
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Native name | 日本ペイントホールディングス株式会社 |
|---|---|
| Company type | Public KK |
| TYO: 4612 | |
| ISIN | JP3749400002 |
| Industry | Chemicals |
| Founded | March 14, 1881 |
| Founder | Jujiro Moteki |
| Headquarters | , Japan |
Area served | Worldwide |
Key people | Tetsushi Tado (President) Goh Hup Jin (Chairman) |
| Products | |
| Revenue |  JPY 535.74 billion (FY 2015)
(US$ 4.46 billion) (FY 2015) |
| JPY 30 billion (FY 2015)
(US$ 250 million) (FY 2015) | |
Number of employees | 16,498 (as of March 31, 2016) |
| Website | Official website |
| Footnotes / references [2][3][4] | |
Nippon Paint Holdings Co., Ltd. (日本ペイントホールディングス株式会社, Nippon Peinto Hōrudingusu Kabushiki-gaisha) is a Japanese paint and paint products manufacturing company.[5] It is the seventh largest paint manufacturer globally based on revenue.[4]
History
The company, was founded in 1881 by Jujiro Moteki under the name Komyosha. In 1898 the company was incorporated and renamed Nippon Paint Manufacturing, while in 1927 the company's name changed to Nippon Paint.[6]
In 1954, Nippon Paint established a 50/50 joint venture with Bee Chemical. In 2006, it became a wholly owned subsidiary of Nippon Paint.[7][8]
In October 2014 Nippon Paint was reorganized into a holding company and the company adopted its current name.[9]
In August 2020, the Singaporean paints and coatings manufacturer Wuthelam Group raised its stake in Nippon Paint from 39 % to 58,7 % in exchange for its stake in the joint venture in Singapur.[10]
Nippon Paint (Singapore)
In 1955, Goh Cheng Liang, set up his first paint shop in Singapore and became the main local distributor of Nippon Paint. In 1962 the company set up a joint venture with Goh Cheng Liang, with a 60-40 holding, the Nipsea Management Group.[11] In 1965, Nippon Paint set up its first paint manufacturing plant in Singapore.[12]
In November 2014, with the exception of Nippon Paint Indonesia, the NIPSEA Group officially became a subsidiary of Nippon Paint Holdings.[13]
Nippon Paint (India)
Nippon Paint is a Japan-based company that has been in India for over a decade now.[14]
Nippon Paint (United States)
In 2016 Nippon Paint entered into a merger agreement with Dunn-Edwards Corporation, one of the United States’ largest independent manufacturers of architectural, industrial and high performance paints. Terms of the deal were not disclosed but the transaction was finalized in early March 2017 after which Dunn-Edwards will become a wholly owned subsidiary of Nippon Paint (USA) Inc. Dunn-Edwards is based in California and has more than 130 company-owned stores and over 80 authorized dealers mainly in the southwest United States. [15]
Presence
The company and its subsidiaries have a presence in Japan, Singapore, Malaysia, South Korea, China, Hong Kong, Indonesia, Philippines, Taiwan, Thailand, Vietnam, India, Sri Lanka, Pakistan, United Kingdom, Germany, Greece, Norway, Netherlands, Lithuania, Poland, Russia, Slovenia, Spain, Bulgaria, Estonia, Italy, United States, Brazil, Australia, the United Arab Emirate and Bangladesh.
References
- ^ "Forest River acquires REV Group's shuttle bus business". Retrieved May 13, 2020.
- ^ "Corporate Profile". Nippon Paint Holdings. Retrieved October 13, 2016.
- ^ "Company Profile". Nikkei Asian Review. Retrieved October 13, 2016.
- ^ a b "Top Companies Report". Coatings World. Rodman Media. Retrieved October 14, 2016.
- ^ Freed, Jamie (November 9, 2009). "All eyes on Orica's demerger strategy". The Age. Fairfax Media. Retrieved September 27, 2010.
- ^ "History". Nippon Paint Holdings. Retrieved October 14, 2016.
- ^ "Company Snapshot". Bloomberg Businessweek. Retrieved October 14, 2016.
- ^ "Nippon Bee Chemical Co.,Ltd". Nippon Bee Chemical. Retrieved February 6, 2011.
- ^ "President's Message". Nippon Paint Holdings. Retrieved October 14, 2016.
- ^ "Nippon Paint agrees $12bn tie-up with its largest shareholder". August 21, 2020. Retrieved September 21, 2020.
- ^ "Nippon Paint tycoon Goh Cheng Liang overtakes UOB's Wee Cho Yaw as Singapore's richest". The Straits Times. January 19, 2015. Archived from the original on October 14, 2016. Retrieved October 14, 2016.
- ^ Nippon Paint Singapore. "Welcome To Nippon Paint Singapore". Nipponpaint.com.sg. Retrieved September 27, 2010.
- ^ "About NIPSEA Group". NIPSEA Group. Retrieved October 14, 2016.
- ^ "About Nippon Paint India Pvt Limited". Nipponpaint.co.in. Retrieved December 27, 2009.
- ^ "NP-USA Signs Merger Agreement with Dunn-Edwards" (PDF). December 22, 2016.
External links
- Official website (in English)