Nippon Paint Marine Eyes Middle East Expansion
Earlier this month, Nippon Paint Marine (Europe) announced in an emailed press release a 35 percent increase in consolidated sales. The company is looking to expand into new locations and market sectors, with an eye already set on opening a new sales and distribution office in the United Arab Emirates later this year.
Since its etablisment in 2016, Nippon Paint Marine (Europe) and subsidiary Nippon Paint Marine (Turkey) have experienced a growth in sales, something that has largely been attributed to the company’s A-LF-Sea antifouling product, specifically in the LNG/LPG and cruise vessel segments.
Nippon Paint Marine Move
“Since the market introduction of our unique low friction, hydrogel-based coatings in 2007, more than 3,000 vessels have been applied with this unique marine technology,” said Michel Wilckens, Managing Director, Nippon Paint Marine (Europe) GmbH.
“We anticipate further growth as more ship operators apply the technology as a way of reducing fuel consumption to meet new emissions regulations.”
There has also been a reported increased interest in the company’s other specialty products, including solvent-free, fiber-reinforced epoxy mastic Epobarr, and the recently introduced Aquaterras, a copper-free and non-silicone-based coating.
“Aquaterras has now been applied to a number of vessels in the cruise, containership and bulker markets and we are keen to establish this unique coating across new geographical sectors, such as the Middle East,” said John Drew, Director, Nippon Paint Marine (Europe) GmbH.
“The Middle East Area has become an important focal point for our customers, especially following the rapid increase in drydock capacity. In order to strengthen our regional presence and improve product availability and technical services Nippon Paint Marine (Europe) will open a new sales and distribution office in the UAE, later this year.”