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| Nippon
Paint and Kansai Paint agree to collaborate in handling environmental
issues |
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Nippon Paint Co., Ltd. and Kansai Paint
Co., Ltd. (President Tamotsu Shiraiwa; headquarters Osaka, Japan)
have recently agreed to establish a joint-venture company to
handle the processing and recycling of waste paint and solvents.
Both companies will provide equal capital investment in the
new company.
As public awareness for preserving ecological balance grows
steadily, the need for establishing a recycling-oriented society
is becoming increasingly important. The paint industry regularly
uses various chemicals for manufacturing processes. As such,
paint manufacturers as a whole must actively work toward conservation
while making commitment to the environment one of their most
essential management objectives. If each company separately
deals with environmental issues, however, limitations exist
in terms of finance and available resources. To effectively
manage these limitations, the two leaders in the paint industry
have joined forces with an additional aim to present an exemplary
model for 'zero emissions' to the industry. |
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For further inquiries,
please contact: |
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Nippon Paint Co., Ltd. Corporate
Communication Division
Fax: +81 (6) 6455-9278 |
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As a first step, the new company will concentrate on reducing the
volume of industrial waste emitted from its production facilities
as much as possible. To complement this effort, the company will also
promote the recycling of waste paint/solvents generated from paint
manufacturing processes. Normally, only 50% of waste solvents are
collected with the rest discarded through incineration. Kansai Paint's
patented waste paint recycle system makes it possible to collect nearly
100% of solvents remaining in waste paint. In addition, Nippon Paint
in cooperation with Professor Yoshikawa from the Tokyo Institute of
Technology is now researching the implementation of a micron dust
particles-based power generating system. Once accomplished, it will
be possible to collect and recycle solid components for use as energy
sources and raw materials in paint products. The new company plans
to work on achieving 'zero emissions' through the use of these systems.
The main objectives of establishing a separate joint-venture company
are as follows: |
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Continuously developing and improving equipment
and systems based on clear cost identification to reduce those
costs incurred in promoting environmental activities by combining
the two companies' technologies and corporate resources; |
| (2) |
Demonstrating the validity of collection,
recycling and reuse of resources as a profitable business; |
| (3) |
Indicating the serious commitment of Nippon
Paint and Kansai Paint by directly investing in a new company
to fulfill its responsibility in handling environmental issues,
rather than relying on subsidiaries or other companies. |
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Although initially the
scale of the new company's business will be limited, both manufacturers
are fully aware of the need to join efforts to effectively cope with
environmental issues and as such are determined to make the new business
a success.
As leading paint manufacturers, both companies have consistently competed
with each other for more than 80 years and will continue to do so
even after the establishment of the joint-venture company. As for
environmental protection, however, they intend to continue cooperating
with each other by integrating technologies and resources to promote
resource conservation as well as cost and environmental impact reduction.
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| Outline of Joint-venture
Company |
| Company Name: |
Undecided |
| Capital: |
10 million yen
(Nippon Paint 50%/Kansai Paint 50%) |
| Location: |
Amagasaki, Hyogo Prefecture |
| Establishment: |
March 2001 (tentative) |
| Operation Start: |
Upon license acquisition from the government |
| President: |
Position will be alternated between the
two companies |
| Annual Sales Target: |
200 million yen (initial year) |
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*Waste Paint Recycle System -- Facility and
Operation |
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