Kansai Paint To Grow Business In Asia Pacific Between 20-30 Pct By 2016

KUALA LUMPUR, July 31 (Bernama) -- Kansai Paint Asia Pacific Sdn Bhd is looking to grow its business in Asia-Pacific by between 20 and 30 per cent by 2016 by leveraging on its existing footprint in the region's decorative coatings market. Last year, Kansai Paint's operations contributed 16 per cent to the group’s total sales turnover of US$443.33 million (RM1.7 billion) while for this year the group targeted a revenue of approximately US$96.49 million (RM370 million), it said in a statement Friday. Its Chief Executive Officer, Yoshikazu Takahashi, said Malaysia was an important market for Kansai Paint in the region given its growing population and long-term economic growth prospects. "We believe that the decorative coatings market will experience further growth in Malaysia in tandem with growing population and industrial expansion," he said. He said the group was looking to introducing more unique products with a focus on being hygienic, health- and environmental-friendly, which would include anti-bacterial and anti-mosquito paint. -- BERNAMA