Nippon Paint Marine (Korea) has won a prestigious ‘Export Tower’ trophy during South Korea’s Trade Day ceremony, an annual event celebrating those companies that have collectively contributed US$500bn to the country’s economy.
Winning a Gold Export Tower in the US$10 million export category marks the second year running the coatings manufacturer has taken home an award. In 2019, Nippon Paint Marine was runner up, winning a silver tower.
Commenting on the award win, JH Lee, President of Nippon Paint Korea, said: “Winning a 2020 Gold Export Tower, especially given the difficulties faced during the Covid crisis, is a huge accolade for which we should all be very proud.”
He continued: “The high export volume is indicative of increased market demand for marine coatings capable of reducing fuel consumption and CO2 emissions. Coatings with a high solids content and low volatile organic compounds are key factors in helping ship operators reduce the impact of their operations on the ocean environment. We aim to continue our efforts to support demand for high-performing, environmentally-friendly coatings across our segments.”
Nippon Paint Marine (Korea) is a wholly-owned subsidiary of Japan’s Nippon Paint Marine Coatings.