Valspar opens new R&D centre in China

Valspar opens new R&D centre in China

11:51 PM, 22nd December 2011
Valspar opens new R&D centre in China

MINNEAPOLIS, US/ SHUNDE, CHINA: Valspar Corporation opened its new research and development centre in Shunde, China. Built with the latest standards, the Valspar applied science and technology centre will employ over 200 scientists to support continued growth of Valspar in Asia Pacific and R&D activities on a global basis. “This facility enables us to bring value to our relationships in Asia Pacific region by bringing us closer to customers. The research and development centre will give our customers a competitive advantage. Our company strategy is to continue to invest in our people and businesses in China,” said Gary Hendrickson, Chief Executive Officer and President, Valspar.

Valspar’s 2011 global sales totaled $4 billion, including sales in Asia Pacific of $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 numerous end-markets in China.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

PTT GC, Perstorp form products JV for polyurethane industry

  GRENOBLE, FRANCE: Perstorp and PTT Global Chemical formed a joint venture (JV) for worldwide manufacturing and sales of products for the pol ...

Read more
Orascom to demerge its construction and fertilizer business

CAIRO, EGYPT: Orascom Construction Industries (OCI) will start the process of demerger of the company’s construction business from its fertili ...

Read more
Supreme Court of India allows endosulfan formulation export

  NEW DELHI, INDIA: The Supreme Court of India has allowed the export of more than 2,500 kl of endosulfan formulation, which is used for the pro ...

Read more
Foster Wheeler bags BP exploration project contract in Scotland

ZUG, SWITZERLAND: Foster Wheeler AG’s, Global Engineering and Construction group subsidiary has been awarded an engineering, procurement and con ...

Read more
Omya, United Chemicals form JV to strengthen its distribution network

OFTRINGEN, SWITZERLAND/JAKARTA, INDONESIA: Omya AG and PT United Chemicals Inter Aneka have formed a joint venture agreement. “United Chemical ...

Read more
Sibur sells fertilizer assets to Siberian Business Union

MOSCOW, RUSSIA: Sibur Holding, controlled by billionaires Gennady Timchenko and Leonid Mikhelson, agreed to sell fertilizer assets to Siberian Busin ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X