Kansai Paint Co Ltd has signed a general agreement with Jotun A/S to collaborate in Protective Coatings business globally.
Kansai Paint has had an alliance ("Sea Star Alliance") with Jotun in the Marine business since 2002 and has built an intimate relationship.
Subsequently, the alliance has been such a great success that both Kansai and Jotun attained the number one position of the global market share.
Recently, both companies have agreed to seek synergy in protective coatings business by extending this long-term relationship.
Morten Fon, President and CEO of Jotun, said: "I believe that based on our long relationship and good cooperation we have made a good basis to develop this together."
Hiroshi Ishino, President and CEO of Kansai Paint, said: “I expect that we can go beyond with Jotun more quickly for infrastructure demand of protective segment that is expected to grow even more.”
Kansai Paint will aim to expand global PC business through this agreement.