Japan Chugoku marine coatings company announced the 2005 fiscal year,will invest 100000000 yen in China Shanghai and 2 Factory Guangdongincreased facility, the marine paint production capacity expansion of 80%,reached 26400 tons / year, and the market in the China ship paint sales increased from 2500000000 yuan to 2002 fiscal year to 4000000000 yen in fiscal 2005. And through this initiative, the company will increase by 12% in the global production capacity reached 108000 tons / year.
Chugoku marine coatings company in the world container market share of 28%, is the largest manufacturer in this field, but in the marine paint Market(the main driver of growth from Chinese market), the company's globalmarket share is only 15%, in second. The company's goal is to marine paintmarket share increased to 20%, which will mainly depend on China market development.
