Japans Kansai Paint set to Expand in the GCC
Kansai Paint, the leading Japanese paint and coatings manufacturer has actually announced it is intending to open to 50 new circulation centres in the coming year across the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA) and Qatar.
Having actually expanded to over 1,000 employees in the Middle East, the globally recognized Japanese company is set to tap into the $3.6 billion coatings industry in the region. The key markets in the GCC for Kansai Paint are KSA, which makes up 35 percent of its business in the region, adhered to by the UAE (23 percent), with the main business sectors being design coatings (68 percent) and protective layers (34 percent).
" Kansai Paint is seeking to construct its position in key strategic markets in the years to come, that includes the MENA & CIS markets," said Hiroshi Ishino, President and Representative Director, Kansai Paint. "We are committed to investing exactly what is required in order to achieve that ambition.
" The Kansai Paint Group aspires to become a truly global company that contends and prospers on the world stage. The MENA & CIS region has significant potential, and with our solid visibility currently in the marketplace, we will work hard to contribute to culture by giving products and services that please the high assumptions of our customers in the region."
Mr. Ishino, who has actually been leading Kansai Paint given that 2013, remained in Dubai for the company's yearly sales meeting. The President delivered a keynote address ahead of nation specific discussions and marketplace understanding sessions.
Mr. Ishino's browse through follows the launch of its first design centre in Jeddah. In the UAE, Kansai Paint has actually also reconditioned its Umm Suqeim Design Centre and has set up a new paint store in Al Ain. The store becomes part of a pilot phase to be scaled up by 2018 across the UAE, KSA and Qatar.
Established in 1918, Kansai Paint established its home window company to MENA & CIS in Dubai in 2008, with an impact that currently prolongs throughout 24 countries in the center East, North Africa and CIS markets
