Valspar Completes New $45 Million Manufacturing Center in China
Investment increases waterborne coatings capabilities at new Tianjin facility
MINNEAPOLIS, April 13, 2015 /PRNewswire/ — Valspar Corporation (NYSE: VAL) announced that it has opened a new advanced manufacturing center in Tianjin, China to serve customers with a wide range of innovative paints and coatings products.
“Valspar has experienced strong growth in China as customer demand for high-performance and specified coatings continue to increase in this large market,” said Gary E. Hendrickson , Valspar chairman and chief executive officer. “This investment furthers our technology and sustainability leadership to support our customers’ needs in this important region.”
The new Tianjin manufacturing center was designed to achieve top safety and quality performance while delivering best-in-class productivity. The facility features expanded capacity for waterborne coatings products with fully automated production and high-speed filling lines. Valspar’s state-of-the-art facilities are designed for high productivity, and safe, efficient and environmentally sound manufacturing processes. This multi-purpose facility supports customers in the company’s consumer paint, wood coatings and industrial coatings businesses.
“Health, safety and environmental performance has been engineered into the Tianjin site, which is important to our employees, our customers and our neighbors,” said Derrick Tay , president of Valspar Asia. “Valspar’s expanded production capacity and sustainability leadership positions us well to continue to grow our business in Asia.”
About Valspar
The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry with over 10,500 employees in more than 25 countries. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valspar.com.
SOURCE Valspar Corporation