International Paint Enters Korean Coatings Market

International Paint Company, with U.S. headquarters in Union, N.J., and manufacturing centers in New Orleans and San Francisco, recently entered a joint venture with the Seoul, Koreabased Daihan Ink & Paint Company.

The merger is now registered as International Paint (Korea) Ltd.

The venture was formed in order to effectively service Korea's large and growing market for heavy-duty paints, particularly those designated for marine newbuildings, repair and maintenance, and freight containers.

International Paint (Korea) Ltd. is currently producing a wide spectrum of marine and other heavy-duty coatings. Although Korea is one of the world's major container manufacturing, shipbuilding, and drydocking centers, local paint manufacturers have rarely offered products meeting worldwide specification and technical standards.

The formation of International Paint (Korea) Ltd., now makes it possible for all International Paint customers—with shipbuilding, drydocking, and container manufacturing operations — to specify and obtain uniform product quality coupled with expert technical service guidance. This is the same high level product and service offered to International Paint customers throughout the world.

Maritime Reporter Magazine, page 13,  Aug 1981

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.