Valspar opens coatings R&D facility in China
Paints and coatings firm Valspar Corp. announced the opening of its new research and development (R&D) center in Shunde, China.
Built with high standards in safety and energy efficiency, the Valspar Applied Science and Technology Center will employ over 200 scientists to support the growth of Valspar in the Asia-Pacific region as well as aid Valspar’s R&D work on a global basis, the company said.
The grand opening event was attended by more than 400 guests, including customers, suppliers, and governmental officials.
Commenting on the center opening, Valspar CEO Gary Hendrickson said: “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. The research and development center will give our customers a unique competitive advantage.”
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 said it produces and sells high-quality coatings for numerous end-markets in China, including consumer paints, food and beverage packaging, shipping containers, furniture, building products, and agricultural and construction equipment.
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