The 2020 Global Top 10: No. 4 Nippon Paint Holdings Co.
4. Nippon Paint Holdings Co.
President: Tetsushi Tado
Coatings Sales: Approx. $5.96 billion
In operation since 1881, Nippon Paint is one of the world’s major automotive and decorative paint suppliers. The company produces coatings for the automotive and marine markets, as well as for industrial products. It also makes paints for residential and commercial buildings, and for the DIY market. While most sales come from paint, Nippon also has a small section that sells fine chemicals and surface treatment products. While most of the company’s production facilities are located in Asia, it also has facilities in Europe, North America and South America.
Sales in 2019 for automotive coatings were approximately $1.38 billion. Decorative paints accounted for approximately $3.4 billion in sales. Sales of industrial coatings were approximately $646 million, and other paint accounted for approximately $525 million.
The company has three subsidiaries in the United States under holding company Nippon Paint (USA) that manufacture and sell coatings: NB Coatings (market leader for coatings for plastic automotive components), NPA Coatings (automotive pretreatment and body coatings) and Dunn-Edwards Corp. (manufacturer of architectural and industrial coatings).
Source: Annual Report, Integrated Report 2019, press releases
Notes: In September 2019, Nippon Paint (USA) Inc. announced an investment of approximately $60 million to establish a facility in Chattanooga, Tennessee, to produce automotive coatings. The new facility will supply electrocoat and other automotive coatings to customers in the United States, Canada and Mexico. In August 2019, Nippon Paint Holdings Co. Ltd. acquired DuluxGroup Limited, a coatings manufacturer in Australia and New Zealand. In July 2019, the company finalized its acquisition of Betek Boya and its subsidiaries (Betek Group). Headquartered in Istanbul, Betek Group is a manufacturer of decorative and industrial coatings, and construction materials.
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