Company News: BASF Coatings
April 27, 2001
BASF Coatings announced an exclusive distribution agreement with Samhwa Paints Ind. Co. Ltd., Seoul, South Korea, under which Samhwa will market BASF’s line of R-M automotive-refinish products. BASF said the agreement will expand its product range and provide access to the Korean market. Samhwa is reported to be the fourth-largest paint manufacturer in South Korea, with 2000 sales of 120 million euros.