The 2023 Global Top 10: No. 4 Nippon Paint Holdings Co., Ltd.
4. Nippon Paint Holdings Co., Ltd.
Tokyo, Japan
(+81) 3-6433-0711
Director, Representative Executive Officers & Co-Presidents: Yuichiro Wakatsuki & Wee Siew Kim
2022 Coatings Sales: $9.9 billion USD
In operation since 1881, Nippon Paint is one of the world’s leading automotive and decorative paint suppliers. It produces coatings for the automotive and marine markets, as well as for industrial products. It also makes paints for residential and commercial buildings as well as the DIY market. While most sales come from paint, Nippon Paint also has a small section that sells fine chemicals and surface treatment products. The Nippon Paint Group also operates the paint-related business that supplies Sealants, Adhesives and Fillers (SAF), and Construction Chemicals (CC), which are essential for construction, as well as decorative films. While mainly located in Asia, it also has facilities in Europe, the Americas, and Oceania.
Sales in 2022 for automotive coatings were approximately $1.24 billion. Decorative paints accounted for approximately $6.26 billion in sales. Sales of industrial coatings were approximately $722 million, and other paint accounted for approximately $1.68 billion.
The company has two subsidiaries in the United States under Nippon Paint Group: Nippon Paint Automotive Americas, Inc. (NPAA) — a market leader for automotive coatings — and Dunn-Edwards Corp. — manufacturer of architectural and industrial coatings.
Notes:
In January 2022, Nippon Paint Holdings Co., Ltd. (NPHD) implemented organizational changes in order to focus solely on functions as a listed company and as a pure holding company, including M&A and fund procurement activities. Other functions involving the operations of partner companies in Japan were transferred to newly established Nippon Paint Corporate Solutions Co., Ltd., a wholly owned subsidiary of NPHD.
Also in 2022, NPHD completed the acquisition of Cromology, a manufacturer of decorative paints and other paint-related products in Europe. It also acquired JUB, a manufacturer of decorative paints, external thermal insulation composite systems (ETICS), and other paint-related products in Central and Eastern Europe.
Source: Financial results, Annual Report, Integrated Report, press releases, and company contact
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