Nippon Paint and International to Operate Independently

Thursday, July 31, 2003
Nippon Paint Co., Ltd (NP) and International Coatings Ltd (IC), part of Akzo Nobel, have mutually agreed to terminate their association in marine coatings from the end of October 2004. During this association the parties have licensed their marine coating technologies to each other and have co-operated in the provision of support and services to customers. This has meant NP’s customers have been supported by IC outside Japan while IC’s customers have been supported by NP in Japan with marine coatings and services for newbuilding and maintenance contracts. The parties will continue to service customers under their existing arrangements until the end of October 2004. Transferred technology will remain available to both NP and IC after the ending of the association. The parties are agreed that given geographic changes in the marine industry over the last decade and their desire to expand their individual marine coatings operations they will each operate independently as from November 2004. Thus NP plans to use its own overseas infrastructure to serve Japanese and overseas customers and owners building and maintaining vessels throughout the world, while IC plans to extend its global network by developing its infrastructure in Japan to serve Japanese and overseas customers and owners building and maintaining vessels in Japan.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1001 sec (10 req/sec)